Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Goldman Sachs AM launches European HY bond fund

Goldman Sachs AM launches European HY bond fund

Goldman Sachs Asset Management has launched a new bond fund set to target the European high yield market, Citywire can reveal.

The Luxembourg-domiciled fund will be overseen by the firm’s corporate credit investment team.

It will invest primarily in below investment grade bonds issued by companies from across the region.

Goldman Sachs AM said the launch of the fund was designed to offer investors a fixed income fund able to weather a period of uncertain interest rates rises in Europe, as well as widespread bank deleveraging.

Commenting on the launch, Nick Phillips, head of GSAM’s international third-party distribution business, said: ‘The fund is designed to access opportunities in a rapidly growing European high yield market, where structural drivers such as bank deleveraging are expected to lead to a substantial increase in issuance over the next five years.’

The corporate credit investment team comprises 72 investment professionals, as well as 28 dedicated to leveraged credit.

This leveraged credit team is currently responsible for management of the Goldman Sachs Global High Yield portfolio, which now has $11 billion in assets under management.

In addition, this team is also responsible for managing approximately $4 billion of European-domiciled high yield assets across an array of global fixed income strategies.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter