Tideway Asset Management is planning to launch a Value Recovery mixed asset fund in 2017.
Managing partner and chief investment officer Peter Doherty (pictured) said the vehicle could be structured in a closed-ended format, which would be the first such product for the firm. The fund will be a global long-only strategy with the ability to invest up to 40% in equities. Tideway currently runs a range of UCITS funds in the fixed income and absolute return space. The three funds are Hybrid Capital, Credit and Real Return and all are domiciled in Ireland. Discussing the new fund, Doherty said he is particularly interested in the financials sector, which he feels has the pote...
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