Yarra launches Absolute Credit Fund

Yarra capital management credit absolute return fixed income

31 October 2018
| By Nicholas Grove |
image
image
expand image

Yarra Capital Management has launched its Yarra Absolute Credit Fund for institutional, wholesale and high net worth investors, extending the reach of the strategy which recently became available to the manager’s institutional clients.

The fund seeks to earn higher returns than traditional fixed income by investing in a highly diversified floating rate portfolio of listed and unlisted Australian and New Zealand domiciled credit securities across multi sectors, the manager said.

The fund is led by portfolio manager Phil Strano, who joined Yarra in May 2017 from Victorian Funds Management Corporation, where he ran a similar portfolio. Strano is supported by a five-person fixed-income team overseen by head of Australian fixed income Roy Keenan, Yarra said.

“We are really pleased to be launching the Yarra Absolute Credit Fund, following the positive feedback we’ve received from institutional and high net worth investors seeking access to a floating rate and absolute return credit portfolio in a fund format,” Strano said.

“Yarra’s proven investment processes combined with its broader Australian fundamental research capabilities uniquely positions the firm to take advantage of market mispricing across multi sectors, including unlisted debt, where declining bank participation continues to increase opportunities for institutional investors.

Keenan said the Yarra Absolute Credit strategy has a $1.5 trillion opportunity set and offers access to a proven investment approach, delivered by an investment team that is uniquely positioned to exploit opportunities in Australian corporate credit.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 day 13 hours ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 days 13 hours ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

2 months 1 week ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

4 weeks 1 day ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

3 weeks 1 day ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

2 weeks 6 days ago

TOP PERFORMING FUNDS