The Hillcore Group has become a shareholder and partner in Vancouver-based AlphaDelta Management Corp., owner of the actively managed AlphaDelta Family of Funds, the companies announced Wednesday.
The agreement forms a strategic partnership between Hillcore and AlphaDelta to develop and expand a suite of financial products which includes Actually Active Mutual Funds, Smart Active ETFs and Active Affluent Investor Solutions.
Hillcore, an investment and advisory firm with offices in Toronto, Vancouver and Montreal, assesses partnerships and acquisitions across all sectors by focusing on the strength of the management teams and financial prospects, along with the opportunity to enhance value through expertise.
“Hillcore is delighted to finalize this partnership with AlphaDelta Funds,” says Jean-Marc Bougie, Hillcore CEO, in a statement. “Hillcore has a track record of adding value to companies in many sectors, including capital markets and the investment industry, so we are excited to have an experienced distributor of investment funds as part of our network.”
AlphaDelta oversees three investment funds. “Each of AlphaDelta’s funds has outperformed its asset class,” says Victor Therrien, AlphaDelta CEO, in a statement. “Our partnership with Hillcore will build on that success by developing a greater range of investment products serving all needs and levels of Investors”
AlphaDelta’s investment philosophy emphasizes the role of active managers in today’s environment, where index funds and/or “closet indexers” have become more prevalent. “If you pay active management fees, you deserve active management and oversight,” Therrien emphasizes.
Canadian investors will see more actively managed investment products enter the marketplace later in 2018.