Wed, Mar 21, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SYZ & Co launches flexible European corporate credit strategy, OYSTER Flexible Credit

Thursday, June 19, 2014

Komfie Manalo, Opalesque Asia:

The Swiss banking group SYZ & CO has launched OYSTER Flexible Credit, a new sub-fund of its Luxembourg Sicav OYSTER. The fund aims absolute performance through a credit strategy combining European corporate bonds with flexible hedging of market exposure.

OYSTER Flexible Credit targets an annualized return of 8% with a Sharpe ratio of 1 over a whole credit cycle. Management of the fund has been entrusted to Eiffel Investment Group, a Paris-based management company specializing in these strategies. Like several of the funds launched recently by OYSTER, this new fund is a "NewCITS" product, which means it takes advantage of the changes in the European UCITS standard to propose an unconventional strategy that effectively meets investors’ expectations.

A positive outlook for the European corporate bond market The Swiss bank stated the European corporate bond market is expanding fast but remains highly fragmented. There are more than EUR 2.2tln worth of corporate bonds and loans outstanding. Growth is strong since a record EUR 90bn worth of new high-yield bonds were issued in 2013, about 30% of which were from new entrants.

"This expansion is likely to continue because the trend towards disintermediation is only just beginning in Europe, with 70% of credit still provided by the banks, as against 30% in the United States. This broad market is not yet harmonized and so off......................

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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  3. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private