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Andrew Lake & Fatima Luis launch strategic bond fund for Mirabaud
by Elsa Buchanan on Oct 22, 2013 at 09:51
The Mirabaud Global Strategic Bond fund, which was seeded with $100 million (£62 million), is a total return fund aimed at capturing all opportunities across the fixed income universe, under various economic cycles, including the currently unfolding post-monetary easing phase.
Lionel Aeschlimann, managing partner and head of asset management said in a statement: ‘This strategic bond fund is a crucial solution for our investors who are all afraid of the bond turn and the consequences on their portfolio of an interest rate normalisation process.’
Lake - who is head of high yield at Mirabaud - has been managing a similar fixed income fund for Aviva Investors before he joined Mirabaud at the start of this year.
He said actively managing duration and credit exposure across the business cycle would be the ‘main driver of performance’ for the fund.
‘Given the level of rates in most markets, a passive approach is deemed to fail to meet investors' expectations in terms of yield or capital preservation.'
Luis also has plenty of experience and the launch marks her return to the sector after she left F&C at the end of last year following an overhaul of its fixed income team. She had managed the F&C Stategic bond fund since August 2004.
Mirabaud's fixed income team is supported by high yield credit analyst Alexander Lushnikov.
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