GMP Investment Management (GMPIM) has launched its Canadian ABCP Fund, which will invest in the securities from the Master Asset Vehicles that were created from the restructuring of the non-bank sponsored Canadian ABCP market in 2008 (SCI passim).

"The objective of the ABCP Fund is to capitalise on the attractive risk/return potential of this unique, diversified, deep-value investment opportunity," says Jason Marks, ceo, cio and managing partner of GMPIM.

The firm has successfully traded over C$2bn (face value) in Canadian restructured ABCP through its GMP Diversified Alpha Master Fund since April of 2008 - a fund that has garnered a 27.39% return since inception. "Asset-backed commercial paper is poorly understood in the market, which creates an opportunity for GMPIM, with its specific expertise and trading experience," adds Greg Foss, portfolio manager of the Canadian ABCP Fund.