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.

Pictet launches unconstrained absolute return bond fund

Pictet launches unconstrained absolute return bond fund

Pictet Asset Management has launched a global absolute return fixed income fund designed to operate free of benchmark constraints.

The new strategy, which is formally called the Pictet-Absolute Return Fixed Income fund, will be Luxembourg-domiciled.

Management of the fund will fall to the group’s co-head of global and regional bonds, Andres Sanchez Balcazar.

The fund has a flexible and benchmark-unconstrained approach which targets positive returns while helping to protect the fund against rising rates.

It can invest across rates, spreads and FX and also access all fixed income sectors in both developed and emerging markets.

The fund targets a 3-4% over cash per annum gross of fees. It is available in US dollar, euro and Swiss franc share classes.

Commenting on the launch, Sanchez Balcazar said: ‘After three decades of falling interest rates, bond investors would do well to look at an approach to bond investing that is not tied to a fixed income benchmark and can invest globally across all sectors.’  

Sanchez Balcazar has over 16 years of experience in managing bond portfolios and is supported by three investment managers on the fund.

He joined from Western Asset Management in February 2011 and currently oversees seven fixed income funds covering European, global and North American bond markets.

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 The CEO tapes: 'the only reason you get fired is relationships'

The CEO tapes: 'the only reason you get fired is relationships'

In today’s instalment of the CEO tapes, four top asset management chief executives discuss corporate culture and how to ensure you get it right.

1 Comment Play The CEO tapes: the 'laddish' fund manager culture

The CEO tapes: the 'laddish' fund manager culture

In the first of 10-part series, four of the UK's best known fund bosses discuss the sensitive issue of female representation across the industry.

Play Video exclusive: Martin Gilbert grilled on Standard Life deal

Video exclusive: Martin Gilbert grilled on Standard Life deal

In this revealing interview, Aberdeen's boss offers the inside story on his firm's mega merger with Standard Life.

Read More
Your Business: Cover Star Club

Profile: how Cerno was forged in Asia's boom and bust

Profile: how Cerno was forged in Asia's boom and bust

Cerno Capital’s investment philosophy was born in the spectacular boom and bust of Asia in the 1990s.

Wealth Manager on Twitter