Montréal, July 1, 2013 – Innocap Investment Management Inc. (“Innocap”), a strategic alliance between National Bank of Canada and BNP Paribas, has announced today it has obtained a CA$200 million mandate from a renowned wealth manager.

Looking for more control over its alternative allocations and for an enhanced investment framework in order to mitigate some of the traditional risks related to hedge funds investments, this Canadian institutional investor selected Innocap to design, implement and operate its managed accounts.

This new mandate clearly shows Innocap’s ability to understand and meet the specific needs of its clients by offering tailored solutions. Through this agreement, Innocap will meet the manager’s non-traditional strategy needs through the integration of two new funds, which will be added to the funds already available in the firm’s Canadian Limited Partnership structure.

Innocap, which stands for Innovative Capital, is the result of more than a decade of investments primarily in hedge fund strategies with approximately USD $2.13 billion in assets under advisory as of July 1, 2013. Innocap Investment Management Inc. acts as the Investment Manager for the Canadian limited partnership structure and as Investment Advisor to Innocap Global Investment Management Ltd, a Maltese company, which manages umbrella investment companies with variable capital and with segregated liability between funds incorporated with limited liability in Ireland and Malta. With its open architecture and thorough knowledge of managed accounts, Innocap offers flexibility to its clients through multi-jurisdictional and multi-administrative structures. Characterized by its specialized legal knowledge and its operational and risk management skills, Innocap facilitates institutional investment decisions via an enhanced investment framework. This managed account infrastructure provides investors with pre- and post-investment monitoring of different risks. For more information, visit Innocap’s website at www.innocap.com.