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RBC Global Asset Management Launches Four Fixed Income Funds
Eliane Chavagnon
3 February 2012
RBC Global Asset Management has launched four fixed income mutual funds available to institutional and high net worth investors in the US, sub-advised by BlueBay Asset Management. The funds comprise the BlueBay Emerging Market Corporate Bond Fund, which is managed by Polina Kurdyavko and Adam Borneleit; the BlueBay Emerging Market Select Bond Fund, managed by David Dowsett and Nick Shearn; and the BlueBay Global Convertible Bond Fund, managed by Michael Reed and Alessandro Esposito. The remaining fund - the BlueBay Global High Yield Bond Fund - is managed by Anthony Robertson and Peter Higgins. “We have seen a notable trend with US institutional investors seeking alternative and global investment solutions to complement their US exposure,” said Mike Lee, chief executive of RBC. Class I shares of the funds are offered exclusively to individuals and institutions with a $1 million minimum requirement for initial investment, and are also available as institutional separate accounts with a minimum investment of $100 million. BlueBay specializes in fixed income and alternative investment products and was acquired by RBC in 2010. Established in 2001, the UK-based firm offers a range of capabilities in investment grade, high-yield, distressed, convertibles and emerging-market debt, the firm said.