Investec AM launches global total return credit fund

Following demand from UK clients

Investec Asset Management has launched a Global Total Return Credit fund, a UK replica of its SICAV fund, managed by Jeff Boswell and Garland Hansmann.

It will seek 80 to 120 investment opportunities across global credit to create a diverse portfolio, which is high-yielding and defensive with low volatility and low sensitivity to interest rates.  It aims to achieve a total return in excess of 3-month LIBOR plus 4% per annum over a full credit cycle (gross of fees) with an expected volatility of 5% to 7% per annum.  Sitting in the IA Strategic Bond sector, it will adopt a multi-asset credit approach and be unconstrained.  Investec AM gets new CEOs as Hendrik du Toit is appointed Investec Group CEO  Boswell and Hansmann will be t...