•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Laxman Pai, Opalesque Asia:

U.S. credit manager CIFC Asset Management has announced the launch of the CIFC Global Floating Rate Credit, an open-ended, Irish collective portfolio management vehicle authorised by the Central Bank of Ireland as a UCITS, on the DMS UCITS Platform.

The Fund's investment objective is to generate attractive long-term, risk-adjusted returns primarily by investing in and managing a portfolio of U.S. and European debt.

The Fund will invest in some of the more liquid sectors of collateralised loan obligation (CLO) bonds, investing at least half of its funds in BBB-rated bonds.

"DMS is delighted to be partnering with CIFC to facilitate its European UCITS fund and distribution strategy. CIFC is an extremely high-quality manager and our partnership demonstrates its commitment and confidence in the DMS product and its team. We look forward to working with CIFC to develop a successful and long-standing relationship," commented Conor MacGuinness, Managing Director of DMS Europe.

CIFC Europe's Managing Director, Joshua Hughes added: "We believe the Fund will appeal to discretionary wealth managers, funds of funds managers and family offices who want to access the enhanced returns that the CLO market offers without the liquidity and diversification challenges that direct investments in CLOs would entail. The UCITS structure gives investors confidence and builds upon the quality of the team we have working on the management and di......................

To view our full article Click here