The new fund is specifically designed to enhance investment outcomes within the Lloyd’s market’s Canadian fixed income allocation. The solution offers efficient access to a broad asset universe that is fully compliant with local regulatory requirements, coupled with Solvency II capital charge efficiencies.
Brit, a well-established insurer in the Lloyd’s insurance market, and the innovative technology-led syndicate Ki are the cornerstone investors of the new fund.
Schroders Solutions, the investment advisor to the Lloyd’s platform, has selected Fiera Capital (UK) Limited to manage the new fund, following an extensive due diligence and approval process.
The Lloyd’s Investment Platform is an innovative solution that offers the Lloyd’s market a broader access to investment opportunities and operational efficiencies through investing collectively. The Canadian Core Fixed Income Fund is the second in a series of public asset funds on the Lloyd’s Investment Platform, following the launch of one public and two private asset funds within the last year.
Eleanor Bucks, Chief Investment Officer at Lloyd’s, said: “We remain committed to further expanding the range of tailored solutions available to the market on Lloyd’s investment platform. The Canadian Core Fixed Income Fund is the latest innovative product on the platform, delivering value by harnessing the potential of well-diversified and attractive investment opportunities for capital held within the Lloyd’s Canadian trust fund structure.”
Klaus Schuster, Executive Director and CEO, Fiera Capital EMEA, said: “For over two decades, Fiera Capital has achieved consistent positive alpha in Canadian fixed income. Our results are the greatest testament of how seriously we take our fiduciary duty to clients and their capital across our product suite. We are proud to have been selected to manage the Lloyd’s Canadian Core Fixed Income Fund and are committed to bringing the full weight of our expertise in tailored investment solutions to Lloyd’s and its market participants.”
