Trans-Canada Capital (“TCC”), a subsidiary of Air Canada managing their pension plans, created the TCC Multi-Strategy Fund in partnership with Montrusco Bolton in 2017. The TCC Multi-Strategy Fund uses a multi-strategy/multi-asset class approach. The Fund invests in different instruments across many asset classes, including bonds, currencies, commodities, credit and equity. The Fund allocates capital to multiple complementary discretionary and systematic strategies, which are designed to have an uncorrelated return to equity markets on an aggregate basis. TCC has developed a comprehensive risk management framework, which includes pre-trade analysis, portfolio recalibration and collateral management. TCC follows the best practices regarding the operational risk management and dedicates significant resources to the development of new ideas and proprietary systems.