1167 Capital extends founders share class deal on fund duo

Pair of bond funds launched last year

clock • 3 min read

Specialist fixed income boutique 1167 Capital is to extend the founders share class offer on both its funds, even though one has passed the $100m threshold and the other has paid its first dividend.

The group's Global High Income Bond fund went through US$100m recently, while the Global Total Return Bond fund distributed a first quarter dividend, equivalent to a yield of 6.3% pa. Both the funds were launched last year. Founding partner Matthew Sethard-Wright said the 65bps founders charge would remain until the end of September 2017. He said: "This will allow existing investors to add to their holdings and we hope encourage a new set of investors, who have been monitoring performance since the launches last September. "We have had some good support, but there is always a chall...

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