Ontario trust structure gives accredited investors a domestic route into global macro
Canadian advisors now have a domestic feeder fund into Bridgewater Associates’ flagship Pure Alpha strategy, according to a press release sent to Wealth Professional.
Wilshire Advisors LLC and Oak Hill Asset Management announced a Canadian feeder fund that gives qualified Canadian investors access to Pure Alpha through a Wilshire-managed account, as per the release.
The vehicle is organized as an Ontario mutual fund trust and invests substantially all of its assets in the Wilshire-managed account, while Oak Hill serves as the fund’s manager and supports distribution across Canada.
The structure is intended for Canadian accredited investors.
According to the release, Pure Alpha applies about 50 years of systemized fundamental research and trades approximately 200 liquid global markets.
The strategy is described as Bridgewater’s optimal active strategy, designed to generate a high excess return per unit of risk and to be uncorrelated to markets and other managers over time, while seeking to avoid bias to rising or falling markets.
The portfolio is designed to be highly diversified, with returns driven by exposures across a broad set of global markets.
Wilshire’s partnership with Bridgewater spans more than two decades and sits alongside Wilshire’s history of structuring managed-account solutions; over the past 15 years, Wilshire has launched more than 100 commingled and dedicated managed accounts, according to the same release.
Bridgewater linked the initiative to portfolio construction goals for Canadian investors.
Jessica Oleson, head of Core Client Service at Bridgewater Associates, said the firm is collaborating with Wilshire and Oak Hill to broaden access to its Pure Alpha strategy for qualified Canadian investors.
She said Pure Alpha is “one of our longest-running” strategies.
Oak Hill underlined its role in supporting advisors across the country.
Marc Raffoul, president of Oak Hill Asset Management Inc., said the firm is partnering with Wilshire and Bridgewater to give Canadian investors streamlined access to Bridgewater’s global macro strategy and to support advisors through a structure designed for the Canadian market.
