Sun, Jun 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

PIMCO alums launch unconstrained credit fund

Wednesday, April 16, 2014

Bailey McCann, Opalesque New York:

The original architects of PIMCO's Unconstrained Bond Fund have teamed up for a new unconstrained fund utilizing their existing experience and best new ideas. The Anfield Universal Fixed Income Fund (AFLIX), takes a "go anywhere" approach to managing fixed income, seeking to be more opportunistically positioned compared to traditional, benchmarked core plus funds.

"As interest rates begin to normalize and inflation follows suit, fixed income investors need a flexible-core strategy that isn’t wed to a benchmark and has few investment restrictions in the attempt to achieve risk-managed returns regardless of interest rate movements," said David Young, CFA, Founder and Chief Executive Officer of Anfield in an interview with Opalesque. The strategy has been tested in separate accounts over the previous five years, creating a real money track record. Anfield is acting as the sole advisor to the fund.

The Fund, launched on June 28, 2013 and will offer investors access to the most compelling investment opportunities across a wide range of interest rate and market environments, security types, sectors, geographic locations, currencies and maturities, and can make long and short investments as necessary. "We aren't a benchmark, or a benchmark relative fund. The traditional benchmarked funds are going to be faced with a rising rates environment which will be challenging for them. Right now, we don't look like a core plus fund w......................

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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp