Pacific Asset Management partners with Australian credit manager to build out fixed income expertise

Plans to launch suite of portfolios

Pacific Asset Management has collaborated with Australian credit fund manager Coolabah Capital to create a fixed income wing in the firm.

The move has been described as a "strategic partnership", with Coolabah bringing in its active credit fund management and trading expertise to Pacific's existing equity, multi-asset and macro rates capability. In turn, Coolabah will be granted access to Pacific's $4.6bn fund umbrella, alongside its wholesale and institutional client distribution channels. Pacific has previously focused on the equities portion of the market, as Matthew Lamb, CEO of Pacific Asset Management, wanted managers that can focus on one thing "really well", he told Investment Week. The CEO said Coolabah had ...