The Kipling Strategies came away with three awards at Alternative IQ’s 2024 Canadian Hedge Fund Awards in Toronto this November. Kipling Global Enhanced Growth Fund and Kipling Strategic Income Fund placed 3rd for Best 1-Year Return in their respective categories, with Strategic Income also placing 3rd for Best 5 Year Sharpe Ratio, which measures returns on a risk-adjusted basis.
A total of 264 hedge funds were analyzed for the annual awards using quantitative measures based on performance data to June 30th of this year that was provided and tabulated by Fundata Canada.
“We are thrilled with these wins,” said Derek Van Genderen, Portfolio Manager of the Kipling Global Enhanced Growth Fund “Our objective is to help investors protect their capital in down markets and keep pace or even slightly surpass the index in up markets. This award is just the latest validation of our investment style.”
Chis Bolton, Portfolio Manager of the Kipling Strategic Income Fund, added that, “The Strategic Income fund aims to put more money in investors’ pockets, a bigger distribution, every month and every year. Once that money is paid to you, nobody can take it back. We just stick to our process and the results speak for themselves.”
At Cumberland, all three of our proprietary Kipling strategies - Global Enhanced Growth, Global Enhanced Dividend, and Strategic Income - will continue to be at the core of our clients’ portfolios. They are designed to manage downside risk for our clients and to produce higher risk-adjusted returns over the long term. These latest 14 nominations and three wins at the 2024 Canadian Hedge Fund Awards tell us they are doing just that.
The Kipling Funds are owned and administered by NCM Asset Management Ltd. (“NCM”). Cumberland Investment Counsel Inc. (“CIC”) is the sub-advisor of these funds and Derek Van Genderen and Chris Bolton are Portfolio Managers at Cumberland Investment Counsel Inc. Cumberland Private Wealth Management Inc., CIC and NCM are affiliated companies under the common ownership of Cumberland Partners Limited. The manager believes these are reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these forward-looking statements. NCM Asset Management Ltd. as investment fund manager and portfolio manager of the Kipling Funds may engage one or more sub advisors to provide investment management services to certain Funds, including its affiliate, Cumberland Investment Counsel Inc. Cumberland Private Wealth is the registered trade name of Cumberland Investment Counsel Inc. and Cumberland Private Wealth Management Inc.
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