HR Strategies, a Canadian portfolio manager specializing in alternative investments, has been selected by Société Générale Group (France) as investment advisor to the Eclipse Fund, newly renamed Eclipse-HRS Fund.

The fund, previously managed out of New York, takes a multi-advisor approach to managing alternative investments, allocating capital to complementary trading advisors.

“This transaction confirms HR Strategies as the Canadian leader in the management of multi-advisor alternative investment funds. We have a strong team with extensive experience and a long track record in the alternative investment sector. We look forward to contributing our strengths to the Eclipse-HRS Fund,” said René Perreault, president of HR Strategies.

“The Eclipse-HRS Fund combines HR Strategies’ expertise as an asset allocator with Société Générale’s risk management capabilities,” said David Escoffier, director of Société Générale (Cowen). Together, we have created a leading-edge alternative investment vehicle for the Canadian marketplace.”

The fund is available for purchase in Canada through the BDC Eclipse-HRS Notes. The notes are issued by the Business Development Bank of Canada and have features designed specifically for Canadian retail investors, such as a guaranteed minimum redemption price, RRSP eligibility as Canadian content, liquidity, and other characteristics making this investment truly accessible for the first time.

The objective of the fund is similar to the objective of HR Strategies’ institutional product: to provide investors with stable performance in both bull and bear markets. HR Strategies’ multi-manager approach, designed to reduce risk, has provided its investors with a compounded annual return of 17% over the last five years.