Active fixed income manager BlueBay Asset Management (BlueBay) has launched a Cayman version of its successful BlueBay Global Sovereign Opportunities Fund (UCITS) in response to client demand.
The new Fund is a discretionary global macro strategy investing in interest rates, currencies and sovereign credit across global markets, aimed at hedge fund investors. The Fund seeks to achieve an annual net return of cash plus 5-7 per cent over the full investment cycle, with an expected volatility of 8 per cent.
BlueBay launched its UCITS macro strategy in December 2015, with Russel Matthews (pictured),as the lead portfolio manager in a management team including Mark Dowding (pictured), Mark Bathgate and David Dowsett. The UCITS Fund now invests USD524 million for global investors and has returned 19.00 per cent (gross) since inception.
Russel Matthews, says: “This strategy represents the best of BlueBay in government bonds and FX and takes an unconstrained approach to capturing macro opportunities in developed and emerging markets. The strategy is agnostic about whether markets go up or down, the Fund should deliver strong returns in all environments.”
“In an uncertain world, macro-economic and social change continues to drive market dislocation. We are especially focussed on understanding and evaluating the impact of policy and politics on markets and believe that these drivers will continue to present rich investment opportunities.”
Performance is driven by a structured investment process that formalises good practise and disciplines but does not inhibit a dynamic and aggressive approach to risk taking.
