GMP Investment Management L.P.

GMP Investment Management L.P.

July 26, 2011 10:09 ET

GMP Investment Management L.P. Has Traded Over $3.4 Billion of Restructured Canadian ABCP

TORONTO, ONTARIO--(Marketwire - July 26, 2011) - GMP Investment Management L.P. ("GMPIM") announced today that it has traded in excess of $3.4 billion of restructured Canadian Asset Backed Commercial Paper ("Canadian ABCP"). GMPIM first invested in restructured Canadian ABCP in 2008 in its flagship fund, the GMP Diversified Alpha Master Fund. On November 5, 2010, GMPIM launched the Canadian ABCP Fund LP (the "ABCP Fund") to exclusively invest in this asset. To date, GMPIM has raised approximately $130 million in the ABCP Fund and related investment vehicles dedicated solely to ABCP. Performance in the ABCP Fund has been strong, with a return in excess of 21% since inception.*

"In the last quarter, we have seen additional interest in restructured Canadian ABCP from a growing list of U.S. hedge funds and trading desks. Investors continue to search for superior risk-adjusted return opportunities and, according to our analysis, restructured Canadian ABCP is an extremely high-quality opportunity," said Greg Foss, Managing Partner of GMPIM. "In addition, with the passing of time, original holders of Canadian ABCP are benefitting from the meaningful increase in the liquidity of the Canadian ABCP market."

The ABCP Fund invests in securities from the Master Asset Vehicles ("MAV") that were created after the restructuring of the non‐bank‐sponsored Canadian Asset Backed Commercial Paper market in 2008. "In Canada, investors can invest in ABCP through the ABCP Fund – the only Canadian fund investing exclusively in restructured Canadian ABCP," said Kevin Barnes, President and Managing Partner of GMPIM.

The ABCP Fund offers investors another alternative to GMPIM's existing products, and adheres to GMPIM's overall investment goals, which are to preserve investors' capital, manage volatility and provide attractive returns.

Performance Details:
Canadian ABCP Fund LP*
Inception (November 5, 2010) to June 30, 2011: 21.4%
Canadian ABCP Investment Fund**
Inception (December 1, 2010) to June 30, 2011: 17.7%

For complete pricing of the MAV strip and tracking notes, as well as to learn more about GMPIM's Canadian ABCP Fund LP, visit


GMP Investment Management L.P. ("GMPIM") is a Toronto‐based asset management firm that strictly adheres to its proprietary strategies, systems and technologies, which have proven to deliver steady growth and manage volatility – a predictable investment for high‐net‐worth individuals and institutional clients. While the processes to generate GMPIM's consistent performance are complex, the benefits are simple: preservation of capital, low volatility, and optimal absolute returns over the long term. GMPIM currently manages in excess of $650 million in assets primarily composed of its flagship fund, the GMP Diversified Alpha Master Fund, as well as the Canadian ABCP Fund LP, the GMPIM Equity Opportunities Master Fund LP and the Genesis Partners Fund LP.

* November 5, 2010 through June 30, 2011 performance of the Canadian ABCP Fund LP [GIM 211B], net of fees and expenses.

** December 1, 2010 through June 30, 2011 performance of the Canadian ABCP Investment Fund [GIM 300], net of fees and expenses.

Not all investment strategies and products offered by GMP Investment Management are available to non-Canadian investors. Falsely certifying that you are a Canadian or Exempt Investor may result in GMP Investment Management being unable to provide services to you and/or you may be subject to legal or regulatory consequences. Past performance may not be repeated. An investment in the Fund is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors.

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