1167 Capital extends founders share class deal on fund duo

Pair of bond funds launched last year

Specialist fixed income boutique 1167 Capital is to extend the founders share class offer on both its funds, even though one has passed the $100m threshold and the other has paid its first dividend.

The group's Global High Income Bond fund went through US$100m recently, while the Global Total Return Bond fund distributed a first quarter dividend, equivalent to a yield of 6.3% pa. Both the funds were launched last year. Founding partner Matthew Sethard-Wright said the 65bps founders charge would remain until the end of September 2017. He said: "This will allow existing investors to add to their holdings and we hope encourage a new set of investors, who have been monitoring performance since the launches last September. "We have had some good support, but there is always a chall...