Red Cedar Investment Management Achieves Major Milestone
Recently, Red Cedar Investment Management, a prominent asset management firm, celebrated a significant achievement by surpassing $1 billion in assets under management (AUM) within the North Square Funds. This milestone reflects the firm's expertise and dedication to delivering exceptional investment strategies.
Growth of Assets Under Management
As the subadvisor for various funds, Red Cedar has shown remarkable growth in assets. This includes the North Square Strategic Income Fund, which holds around $621.14 million in assets. Additionally, the North Square Preferred and Income Securities Fund has approximately $349.85 million, along with smaller allocations in the Core Plus Bond Fund and the Tax-Advantaged ETF.
Performance Highlights
The performance of these funds has attracted considerable attention. The Strategic Income Fund has received outstanding ratings from Morningstar, earning 5 overall stars among a vast pool of multisector bond funds. This high rating, based on risk-adjusted performance, underscores the effective management team at Red Cedar and their ability to navigate complex market conditions.
Strategic Income Fund Overview
The focus of the Strategic Income Fund is on a high-quality, globally diversified blend of assets intended to generate high current income while minimizing correlation with traditional assets. This proactive strategy aims for excess returns and highlights Red Cedar's adept handling of investments within volatile markets.
Insights from Leadership
Mark Goodwin, co-founder and CEO of North Square, commented on the impressive asset growth, attributing it to the funds' strong performances and the expertise of Red Cedar as a fixed-income manager. The alignment of their strategies with investor goals has proven beneficial.
Long-term Value Creation
John Cassady III, CEO of Red Cedar, emphasized the partnership with North Square and the strategic approach taken by their investment teams. By focusing on securities that deviate from general market trends, they aim to provide better risk-adjusted returns, a strategy that has proven effective in creating significant value for their clients.
Investment Philosophy and Strategy
Red Cedar's investment strategy emphasizes a broad array of income-generating securities. This includes not just traditional fixed-income products but also preferred stocks, all aimed at achieving strong returns while managing risks effectively. Their expertise in this arena positions them well for continued success.
Future Outlook
Looking ahead, the firm aims to maintain its growth trajectory by continuing to develop innovative investment solutions for its clients. Their strategic focus on income-producing investments, integrated with thorough research and risk management, lays the groundwork for sustainable growth in AUM.
About North Square Investments
North Square Investments operates as a multi-boutique investment firm focused on creating tailored investment solutions. Founded in 2018, the firm has grown its total assets under management to approximately $2.94 billion spread across various funds, demonstrating an impressive growth rate since its inception.
About Red Cedar Investment Management
Founded in 2013, Red Cedar is committed to offering investors high-quality asset management services. With a focus on fundamental analysis, the firm seeks to identify undervalued securities and construct portfolios that aim for both current income and long-term capital appreciation.
Frequently Asked Questions
What is the significance of Red Cedar reaching $1 billion in AUM?
This milestone highlights Red Cedar's effective asset management strategies and the trust investors place in their capabilities to deliver results.
How does the North Square Strategic Income Fund perform?
The fund has received high ratings from Morningstar, indicating strong risk-adjusted performance which showcases effective management.
What types of assets does Red Cedar focus on?
Red Cedar specializes in a mix of income-producing securities, including preferred stocks and other fixed-income products.
What is the investment strategy of the North Square Preferred and Income Securities Fund?
This fund aims for total return primarily through investments in preferred and debt securities, emphasizing capital appreciation.
Who are the key figures at North Square and Red Cedar?
The leadership includes Mark Goodwin at North Square and John Cassady III at Red Cedar, both influential in guiding their respective firms toward growth and success.
