Thu, Mar 5, 2015
A A A
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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  5. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his