US bond and equity launches

The US continues to be a popular target for investment managers with two firms announcing funds this week, one in the absolute-return sector and another focusing on high yield bonds.

AllianceBernstein in London announced the European launch of its Select Absolute Alpha Portfolio, a US equity fund employing an absolute-return strategy.

The Luxembourg-based fund is managed by Kurt Feuerman, who has produced positive calendar-year returns in twelve out of 13 years since inception of the strategy, with less than half of the volatility of the S&P 500 Index, the firm said.

Sky Harbour Capital Management, from Connecticut, has launched a Luxembourg-registered Ucits to give non-US investors access to its US High Yield Fund and US Short Duration High Yield Fund.

Hannah Strasser, Tom Kelleher and Anne Yobage lead the operation and were formerly with Axa Investment Managers.

The two US dollar-based sub-funds will be registered in various European countries with a range of currency-hedged share classes available for institutional investors, including euro, pound and krone share classes for Norway, Sweden and Denmark.

“The continuing low interest rate environment along with steadily improving corporate creditworthiness is very favorable for investing in US high yield,” Strasser said.

©2012 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST