TriAlpha Investment Advisors, soon to complete a merger with ACP Partners, has launched a corporate bond fund, the ACP TriAlpha Global Credit Fund.
TriAlpha Investment Advisors, soon to complete a merger with ACP Partners, has launched a corporate bond fund, the ACP TriAlpha Global Credit Fund.
It will be managed by Steven O’Hanlon and will look to maximise risk adjusted returns by allocating across the credit spectrum dependent on the investment cycle.
The fund will target a return of six to eight per cent per year with annual volatility of less than four per cent.
It will be an absolute return credit fund with a strong capital preservation emphasis.
The fund, which is anticipated to have USD80-100m under management at launch, will be domiciled in Jersey.
Alok Oberoi, joint chief executive at ACP, says: ‘The corporate bond universe offers immense, almost unprecedented investment opportunities. Spreads on all credit products have widened to levels not seen since the 1930s. Launching the ACP TriAlpha Global Credit Fund will allow us to carve out our investment grade credit expertise into a dedicated fund for clients who want to focus on this compelling sector.’
O’Hanlon adds: ‘Current market conditions have thrown up numerous opportunities within the credit markets and through in-depth credit research, we have been able to identify cash rich, well-financed corporations with minimal default risk at attractive yields. Appealing opportunities will ultimately work their way down the credit spectrum as global deleveraging and efforts to stabilise the banking system continue.’
