Prestige launches private debt and credit multi-manager fund

Targeting returns of up to 7% per annum

Direct lending specialist Prestige Funds has launched a multi-manager fund investing in private debt and high yield credit funds across the globe.

Managed through Malta-based AIFM Prestige Capital Management, the Multi Finance Opportunities fund will target returns of 5% to 7% per annum and will provide investors with access to absolute returns from lending and alternative credit strategies.  The post-crisis alternatives boom: Investors warned to 'approach with caution' Available in advisory and institutional share classes, the fund charges a 1.5% management fee and no performance fee.   The fund's model investment portfolio consists of allocations to six core pillar strategies across 17 individual credit funds with a combin...