Leading Private Debt Fund Recognized for Excellence in Hedge Fund Industry for Fourth Time
Calgary, Alberta--(Newsfile Corp. - October 25, 2023) - Invico Capital Corporation ("Invico"), a Canadian investment fund management firm providing alternative investing and financing solutions in North America, is pleased to announce its signature fund, Invico Diversified Income Fund ("IDIF" or "the Fund"), was the recipient of three awards at last week's 2023 Canadian Hedge Fund Awards ("CHFA").
For the first time ever, IDIF took home first place in the Best 3-Year Return, Private Debt category, after having previously been nominated and placing in the top-three at each of the past three CHFAs. The Fund also placed second in the Best 5-Year Return, Private Debt and third in the Best 1-Year Return, Private Debt categories. The CHFA helps investors identify Canada's most exceptional hedge funds and are often considered the highest honour in the hedge fund industry. A total of 264 Canadian hedge funds were included in this year's program, with winners being recognized in six categories based on return performance collected and tabulated by Fundata Canada, as well as the Overall Best 2023 Canadian Hedge Fund. No nomination process or subjective assessment exists in identifying the winning hedge funds.
"We are pleased with the outcome of this year's Canadian Hedge Fund Awards and see them as a reflection of the continued excellence of our portfolio management team and success of the Fund, which recently celebrated its tenth anniversary," said Jason Brooks, President of Invico and Portfolio Manager of IDIF. "Coming off a record year of performance in 2022, we are happy that IDIF has continued to produce positive results and an average return well above our targeted rate. IDIF continues to provide our unitholders with a viable solution for generating yield and consistent monthly income, and these awards speak to the longevity of the Fund through various market cycles."
This marks the fourth time IDIF has been recognized as one of Canada's leading private debt funds. In 2022, IDIF placed first in the Best 1-Year Return, Private Debt and second in the Best 3-Year Return and Best 5-Year Return, Private Debt categories; in 2021, the Fund placed second in the Best 3-Year Return and Best 5-Year Return, Private Debt Categories; and in 2019, IDIF placed second in the Best 5-Year Return, Private Debt and third in the Best 3-Year Return, Private Debt categories.
For more information on Invico Capital Corporation or Invico Diversified Income Fund, please visit: https://www.invicocapital.com.
About Invico Diversified Income Fund
Invico Diversified Income Fund is an award-winning open-ended mutual fund trust with over $484 million in assets under management as at September 30, 2023. This private fund is focused on generating monthly income through a diversified portfolio of high yield lending strategies and energy working interests with asset collateralization or direct ownership in private assets. IDIF has received ten Canadian Hedge Fund Awards and and was the winner of the Diversified Mature Category award at the 2016 Private Capital Markets Association (PCMA) Awards.
About Invico Capital Corporation
Invico Capital Corporation is an award-winning Canadian investment fund management firm providing alternative investing and financing solutions in Canada and the U.S. The firm offers a range of private debt, energy, and real estate financing solutions that assist corporations in pursuing strategic acquisitions, financing capital expenditures and growth programs, and supporting working capital requirements. Invico is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer, and is an official signatory of the United Nations-supported Principles for Responsible Investment (PRI). The firm holds over $2.6 billion in private capital as at September 30, 2023, and is the IFM for six funds. Learn more at https://www.invicocapital.com.
Contacts:
Media:
Jillian Tyler
jtyler@invicocapital.com
(587) 355-5491
Distribution opportunities:
Randy Beaudoin
rbeaudoin@invicocapital.com
(587) 330-1923
Lending opportunities:
Chris Wutzke
cwutzke@invicocapital.com
(587) 330-2018
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185127
