Bedrock targets institutional market with fixed income fund launch
Wealth manager Bedrock has launched the 20UGS TCW Unconstrained Plus Bond Strategy, a fund which will be exclusively managed by US fixed income manager TCW.
The UCITS IV-compliant Luxembourg domiciled fund follows an unconstrained strategy, which aims to use all sectors of the global fixed income marketplace, without being tethered to a traditional fixed income benchmark.
This approach permits a large degree of flexibility and can limit interest rate risk, which is particularly appealing in the current market environment, aiming to maximise long-term returns for Bedrock’s high net worth and institutional clients.
The Unconstrained Plus Bond Strategy marks the third fund under Bedrock’s 20UGS (UCITS) umbrella, which builds on the successful track record and demand for previous funds. This particular fund will seek to achieve long-term outperformance through a disciplined implementation of multiple fixed income strategies, a focus on sector management and issue selection as well as the application of a fundamentally value-driven research process.
Ariel Arazi, managing partner and co-founder of Bedrock, says: “The decision to launch a range of funds has been a strategic, yet 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. By offering a fund that is managed by TCW, a top class investment manager with more than 40 years of experience and USD130bn of assets under management from institutional and private clients, the new fund provides consistency with our firm’s principles.”
Heinrich Riehl, managing director, sales and business development (Europe) at TCW, adds: “In Bedrock, we found a partner who excels with European investors, particularly in Switzerland. Our US unconstrained funds have been very successful with US investors so we wanted to replicate this in Europe. With Bedrock’s long-established network in the region, entering a strategic relationship was a natural decision for us.”
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