Bedrock has launched the 20UGS TCW Unconstrained Plus Bond Strategy, a fixed income fund aimed at institutional investors.
The Ucits IV Luxembourg-domiciled fund is managed by TCW, an US fixed income manager, and marks the third fund under Bedrock’s 20UGS umbrella.
The Bedrock fund range is available to pension funds and private banks through Bedrock and TCW, and carries a 95 basis point (bps) charge with a minimum investment of $500,000 (£304,488).
For smaller investments with a minimum of $5,000, the fund will be available with a 1.35% management fee change.
The bond fund will be offered in dollar (base class), and euro, sterling and Swiss franc share classes that are currency hedged to dollar.
The portfolio will include dollar- denominated investment grade credit, non-agency mortgage-backed securities, commercial mortgage-backed securities and other credit instruments.
Ariel Arazi, managing partner and co-founder of Bedrock, explained the decision to launch the fund was a natural progression for Bedrock.
‘In addition to seeing an increased appetite from our clients for these products, we also believe it is an opportunity to expand into the institutional investor market,’ he said.
‘By offering a fund that is managed by TCW, a top class investment manager with more than 40 years of experience and $130 billion of assets under management from institutional and private clients, the new fund provides consistency with our firm’s principles.’
Bedrock, which has offices in Switzerland and the UK, was established in 2004 by Maurice Ephrati, David Joory, Alexandre Koifman and Arazi to provide both discretionary management and advisory solutions to its clients.