The global credit specialist firm Muzinich & Co. has launched a new fund looking to invest in credit across global public fixed income markets.
The global credit specialist firm Muzinich &
launched a new fund looking to invest in credit across global public fixed
The Global Tactical Credit Fund will assess relative value
rating, duration and geographic spectrums, and use a fundamental bottom-up
analysis of investment grade and high yield corporate bonds and corporate
The fund’s lead manager, Mike McEachern, may also use
portfolio hedging techniques to help reduce short-term volatility during
periods of rising interest rates or spread widening, the firm said in a
statement, adding that the fund targets a return of Libor plus 5-7 per
“Demand for this type of strategy has been growing
throughout the year and we believe multi-asset credit solutions will play an
increasingly integral part in fixed income portfolios moving forward,” said
Joshua Hughes, Muzinich & Co. head of UK sales and marketing.
The UCITS fund is domiciled in Ireland and has range of
dollar and euro share classes available.
Muzinich & Co. is a global institutional asset manager
with offices in New York, London,
Cologne and Paris. The firm currently manages over $25 billion
in assets as of 30 September, 2013.