Citywire Selector - For Professional Investors

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

ECM AM launches absolute return credit fund

ECM AM launches absolute return credit fund

ECM Asset Management has launched an absolute return fund focused on the European credit market as it attempts to tap into the deleveraging credit cycle.

The main objective of the Luxembourg-domiciled ECM Absolute Return Credit Fund will be to preserve capital, as well as aiming to return Euribor +4% per annum net of fees.

The majority of the fund will be invested in the European credit market, although there is an opportunity to invest across global credit markets where applicable.

It will be co-run by fund manager Derek Hynes and the company’s co-CIO Ross Pamphilon.

Hynes and Pamphilon will adopt directional credit strategies and also use fundamental approaches to the market in order to find specific and systematic investment opportunities.

In addition, the duo will adopt basis trading, pair trading, capital structure relative value and curve trades.

Commenting on the launch, Hynes said: ‘The present market uncertainty presents an opportunity to capture upside, but with lower volatility along with lower correlation to other risk markets. Investors benefit from diversification as returns are derived from multiple sources.’

This marks a new venture for Hynes who was recently replaced as the lead manager on the European Credit Fund Sicav – Danube by former Euro Stars AA-rated manager Jens Vanbrabant.

This occurred after ECM said it believed the fund’s strategy had changed and was more suited to a manager specialised in investment grade credit.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016