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

The partnership will be led jointly by Stephane Berthet, founder of Hyphen Alternative Advisors and former head of Morgan Stanley Alternative UCITS and Managed Account Platform, and Sal Naro, CIO of Coherence Credit Strategies. Together, they will focus on meeting strong investor demand for liquid alternative strategies across Europe.

"We are excited to work with Stephane and his partner Alex Trichot to strengthen our European distribution capabilities," said Sal Naro. "Hyphen's deep relationships and proven track record in Europe align perfectly with Coherence's 13-year history of top-quartile performance* and focus on capital preservation. We see significant appetite among European investors for liquid alternatives that combine stability with consistent returns."

This collaboration marks a significant step in Coherence's mission to make its strategy more widely accessible to global investors seeking innovative credit solutions with a long-standing record of success.

Coherence is a liquid alternative fixed income credit strategy with long and short exposure focused on investment grade, crossover, and high yield markets mainly in North America and Europe. Its unconstrained approach seeks to capitalize on both improving and deteriorating changes in credit valuations and ratings trajectories. The strategy focuses on capital preservation and risk-adjusted absolute returns with low volatility. Coherence is a division of Tiptree Advisors, which manages $1.9 billion in assets and serves as the asset management arm of Tiptree Inc. (TIPT), a publicly traded company.

Coherence Credit Strategies recently won the Fund of the Year in the Credit Long/Short category at the With Intelligence HFM 2024 US Hedge Fund of the Year awards. The strategy has also received the prestigious title of Fund of the Year in its category from Hedgeweek in both 2022 and 2023, as well as past awards from AI Hedge Fund Global Fixed Income Focused Alternative Investment Firm of the Year in 2014 and Alt Credit Intelligence for US Performance Awards 2016 for Long/Short credit. The firm did not pay to be considered for these awards.

Tiptree Advisors, LLC is an asset manager with over $1.9 billion in assets under management that focuses on High Yield, Investment Grade, Structured Credit, Public Equities, and Direct Investments. Tiptree Advisors is a subsidiary of Tiptree Inc. (NASDAQ: TIPT).