Pictet AM raises $185m credit fund for 'post-Covid markets'

The Pictet-Strategic Credit fund

Pictet Asset Management has launched an unconstrained global credit fund, targeting opportunities arising from the "distortion" in fixed income markets brought about by the coronavirus pandemic, and the unprecedented monetary and fiscal stimulus enacted in response to it.

The Pictet-Strategic Credit fund seeks to provide attractive risk-adjusted returns through a diversified portfolio "designed to reduce risks, protect capital and capture higher yields", the firm said.  Pictet's Diana: Holdings must be more than 'good citizens' It also targets a low correlation to traditionally risky assets by allocating assets across global credit markets. Pictet has raised $185m in seeding capital for the "post-Covid markets" launch, reflecting "fantastic interest in the strategy", predominately from the UK wholesale market, head of sales for UK and Ireland Wendy ...