Mirabaud launches a Global Strategic Bond Fund
London, 22 October 2013 – Mirabaud Asset Management Limited has launched a Global Strategic Bond Fund. The fund was launched earlier this month with assets in excess of US$100m following a strong demand for such flexible concept.
The Mirabaud - Global Strategic Bond Fund is a total return fund aimed at capturing all opportunities across the fixed income universe under various economic cycles, including the currently unfolding post-monetary easing phase. The newly launched fund is managed by Andrew Lake, Head of High Yield and Fixed Income Specialist and by Fatima Luis, Senior Portfolio Manager. It follows a unique investment philosophy driven by active management and security selection, incorporating both top-down and bottom-up analysis.
Andrew Lake who has been managing a similar fixed income fund prior to joining Mirabaud said: “Actively managing duration and credit exposure across the business cycle will be the main driver of performance for this new fund. Given the level of rates in most markets, a passive approach is deemed to fail to meet investors' expectations in terms of yield or capital preservation.”
Mirabaud continues to develop its range of funds and is building on its competitive advantages to meet the needs of its clients in a challenging environment for fixed income investors.
In addition to Andrew Lake who will have the prime responsibility for the management of this fund, Fatima Luis will also co-manage the fund thanks to her prior experience of the last ten years in managing a strategic bond fund. The London based team of fixed income specialists is further strengthened by Alexander Lushnikov.
In the past 12 months, Mirabaud has further expanded its asset management teams in Europe while keeping a focused approach to invest- ment segments where it can add value to investors over passive instruments.
Lionel Aeschlimann, Managing Partner and Head of Asset Management at Mirabaud, said: “This strategic bond fund is a crucial solution for our investors who are all afraid of the bond turn and the consequences on their portfolio of an interest rate normalization process. A more dynamic approach by an experienced team mixing instruments and searching for value is the only way to address these uncertain times. This fund will make a very strong addition to Mirabaud asset management’s offering. We are confident that Andrew and his team will generate excellent long-term results for our clients while protecting the downside.”