Fixed income manager BlueBay Asset Management has launched a Global Sovereign Opportunities fund giving exposure to global rates, currencies and sovereign credits.
The fund has been launched under a Luxembourg-domiciled UCITS structure, providing daily liquidity. It does not have a benchmark and has a performance target of cash +5%-7%, gross of fees, over the market cycle. It will sit alongside the group's other fixed income vehicles, which include convertible bonds, EMD, leveraged finance and multi-asset credit strategies. Managers Mark Dowding, co-head of investment grade debt, Russel Matthews, portfolio manager, and David Dowsett, co-head of emerging market debt, will look for opportunities in both developed and emerging markets, using top...
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