TwentyFour Asset Management has launched its Absolute Return Credit fund for manager Chris Bowie, with 90% initially allocated to short-dated investment grade and 10% to high yield bonds.
The fund aims to return LIBOR plus 250bps after fees, with volatility of less than 3%, and a minimum gross yield of 3.5%. TwentyFour said this return was achievable in the current market environment, but...
Proceeds being returned to investors
Uncertainty set to remain
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