The BlueBay Global Sovereign Opportunities Fund, which has daily liquidity, is an actively managed global sovereign strategy designed to invest in global rates, currencies, and sovereign credits; across both developed and emerging markets.
The fund, which does not follow a benchmark, has a performance target of cash + 5% to 7% gross of fees, over the market cycle.
Portfolio managers
The portfolio managers have been named as Mark Dowding, co-head of investment grade debt; Russel Matthews, portfolio manager; and David Dowsett, co-head of emerging market debt.
Dowding said: “Fixed income investing is increasingly global, with boundaries blurred between developed and emerging markets. Against a backdrop of global economic and policy divergence, we see considerable opportunities to generate returns in global interest rates and sovereigns drawing on a seamless and flexible investment process.”
Matthews said: “Currency themes will feature prominently in 2016 and beyond as we move to the next phase in the global credit cycle. The ability to capture opportunities in a flexible portfolio that is not constrained by a benchmark enhances the ability to generate alpha and capitalise on divergence in markets globally.”
As of 31 December 2015, BlueBay Asset Management had assets under management of $57bn (£39.5bn, €52.6bn).
