Sat, Oct 22, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion