London-based credit asset manager Cairn Capital has partnered with Italian investment bank Mediobanca to offer a multi asset credit Ucits fund.
Cairn Mediobanca Strata Ucits Credit Fund is hosted on Mediobanca’s fund platform Palladium FCP.
Strata Ucits is a daily liquidity, long-biased fund, predominantly investing in European credit. The fund is actively managed and non-benchmarked.
The fund will be managed by Fabio Vanerio, lead multi asset credit portfolio manager, reporting to Andrew Burke, chief investment officer at Cairn Capital.
The manager will allocate to four credit asset classes depending on their relative attractiveness with a hedging strategy that aims to preserve capital and reduce volatility, the group said
Each credit asset class is managed by a specialist portfolio management team, focused on bottom-up credit selection with a separate Allocation Committee focused on top-down portfolio construction and hedging.
The fund will also hedge risks from interest rate duration and currencies, offering exposure to pure European credit spread.
The new fund will follow a similar investment strategy to its monthly liquidity alternative investment fund, Cairn Strata Credit Fund, which was launched in January 2015.
The Palladium FCP platform is domiciled in Luxembourg. Institutional and retail share classes are available in EUR, GBP and USD.
