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.”
“Fixed income investing is increasingly global, with boundaries blurred between developed and emerging markets." “Currency themes will feature prominently in 2016 and beyond as we move to the next phase in the global credit cycle."
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).
