Wed, Dec 2, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Pictet launches absolute return bond fund, reports positive hedge fund returns for 2013

Friday, January 24, 2014

Benedicte Gravrand, Opalesque Geneva:

Pictet Group, a Swiss private bank and wealth and asset manager headquarted in Geneva, is in full swing. Its asset management branch recently expanded its fixed income team and launched an absolute return fund. Its legal structure was changed. And its alternative fund management branch has just reported positive returns for 2013.

Launch of absolute return fixed income fund Pictet Asset Management, the asset management branch of the group, launched the Pictet Absolute Return Fixed Income fund on 12th December 2013. It is run by Andres Sanchez Balcazar, with the help of three other managers.

Sanchez Balcazar, who has managed fixed income portfolios for 15 years, told, that after 30 years of constant interest rate decrease, investors today need a flexible approach to investing in fixed income.

The portfolio will invest in developed and emerging markets, in all fixed income pockets, without the constraints of benchmarks. It will seek to take advantage of opportunities offered by interest rates, margins on yields and currencies – and protect itself from rising rates. The head fund manager added that the fund does not rely on economic outlook but identifies long-......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  3. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  4. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  5. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul