Bowie, who is head of credit at Ignis, and his team invest globally in investment grade and high yield credits using credit default swaps. They aim to identify pricing dislocations between credits and exploit relative value opportunities through a portfolio of ten to 30 pair-trades.
The Ignis Absolute Return Credit Fund implements downside risk controls where losing positions are cut, most likely at a loss of 25 basis points and automatically at a loss of 50 basis points. The fund is seeded with approximately £20 million (€25.2 million) of internal and third-party assets.
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