CIFC launches long/short high-yield UCITS fund for veteran Horowitz

Ex-Muzinich & Co management team

Alternative credit specialist asset manager CIFC has launched a long/short high-yield UCITS fund to be managed by ex-Muzinich & Co veteran Jason Horowitz.

Horowitz, who joined New York-based CIFC in January as head of US high yield bond investments, will run the CIFC Long/Short High Yield strategy, which will be a sub-fund of the Dublin-domiciled CIFC Credit fund ICAV. The fund will mirror a strategy already run by Horowitz for CIFC in the US since 1 February, which has delivered a 12.7% net gain since inception, compared to a 0.2% loss from the wider US high-yield market. Premier Miton's Corporate Bond Monthly Income fund's charges slashed as Merian team arrives The fund aims to deliver high single-digit returns for investors, while...