Montreal-based fixed-income manager Addenda Capital has hired Graeme Thom from Toronto-basedRoyal Bank of Canada Dominion Securities, the brokerage arm of RBC, to develop and manage what the firm believes is an innovative multi-strategy bond vehicle that will invest between 20-30% in over-the-counter and exchange-traded bond and currency derivatives.
Nathalie Simard, v.p.-marketing and communications, said Addenda launched the fund last week and is managing a CAD30 million (USD19.7 million) portfolio on behalf of a Canadian university. Addenda Capital manages CAD5.5 billion.
