The latest news in investment offers, financial products and other services relevant to wealth advisors and their clients.

First Eagle, Amundi
First Eagle Investments, a New York-headquartered investment manager, and Amundi, a large European asset manager, have launched the First Eagle Amundi Private Credit Fund.

First Eagle and Amundi, who have maintained a partnership for over 25 years, aim to bring non-US professional investors and Amundi’s global distribution network (spanning across 35 countries) access to First Eagle’s US private credit strategy through an evergreen structure . 

First Eagle’s US private credit strategy seeks to invest in US companies which are directly originated first lien senior secured cash flow loans, directly originated asset-based loans, club loans, second lien loans and broadly syndicated loans and other debt securities. First Eagle’s direct lending strategy is geared to US lower middle market companies with annual EBITDA of between $5 and $50 million.

The portfolio managers for the strategy include Michelle Handy, chief investment officer of direct lending; Robert Hickey, chief investment officer of Tradable Credit; Larry Klaff, head of asset-based lending; and Garrett Stephen and Brian Murphy, co-heads of origination.

Ossiam
Ossiam, a global investment management company specialising in quantitative strategies, has launched the Ossiam Multi Fixed Income Opportunities Fund (MFIO). The firm says it is a natural expansion of its expertise in fixed income and absolute return solutions.

MFIO, which offers diversified exposure to fixed income relative value strategies with a strict duration-neutral mandate, is an Ireland-domiciled UCITS vehicle with daily liquidity. The fixed income fund aims to deliver absolute return performance with no duration and a volatility in line with that of traditional fixed income indices.

The fund leverages a combination of Ossiam’s asset management and investment bank expertise to implement a wide range of strategies with different rationales across interest rates, foreign exchange and credit. Each individual strategy must positively contribute to the overall diversification and risk management of the portfolio before being implemented.

“In light of the significant changes in the interest rate market, constructing a robust portfolio will be increasingly challenging. With its strict duration neutral mandate and strong focus on diversification, we believe MFIO stands out as a compelling addition to investors’ portfolios,” Luc Dumontier, Ossiam’s head of investments and operations at Ossiam, said.

“The Multi Fixed Income Opportunities Fund is a natural extension of our offering that capitalises on our operational setup and our research capabilities. MFIO meets the evolving investor demand for flexible and market-neutral liquid fixed income exposure,” Bruno Poulin, CEO at Ossiam, added.