Middlefield launches global fixed income fund with 0.15% founders fee
What's the deal? Toronto-based MiddlefieldDealroom has a profile for this one. Try Dealroom → has launched the Middlefield Global Multi-Sector Fixed Income FundDealroom has a profile for this one. Try Dealroom →, available from September 29 in both an ETF series (TSX:MGFI) and mutual fund format. The fund is opening with a limited-time Founders Series carrying a management fee of 0.15%.
What's the endgame? The fund aims to deliver monthly income and long-term capital preservation through a globally diversified portfolio of fixed income securities. It is actively managed, with flexible risk allocation across duration, yield curve positioning, sector allocation, and security selection.
Who's running it? The fund is managed by Alexandre Cousineau, who joined Middlefield in 2026 as head of fixed income. He has more than 15 years of experience and previously managed multi-billion-dollar mandates at Fiera CapitalDealroom has a profile for this one. Try Dealroom → across investment-grade, high yield, securitisation, and emerging market debt.
Why now? "Fixed income markets are increasingly global and interconnected, creating opportunities that extend well beyond traditional domestic bond portfolios," said Dean Orrico, president and chief executive officer of Middlefield. The launch, he added, broadens "the opportunity set for investors across changing market environments."
The fund is offered across five series — Series A, F, I, and O plus the ETF series — and draws support from a team including Jack Boyd, Gordon McKay, Michael O'Donnell, Karen Ko, and Sean Irvine.
The signal: Founded in 1979, Middlefield is an income-focused asset manager with offices in Toronto and London that already runs seven income mandates spanning real estate, healthcare, and energy. The new fund extends its build-out of a dedicated fixed income platform as investors look beyond domestic bonds for yield.
Read more: Business Insider
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