Wed, Feb 22, 2017
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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio