Tribeca Vanda Asia Credit Fund
Tribeca Vanda Asia Credit Fund is a Cayman incorporated Asia focused long short credit hedge fund investing in corporate credit instruments. It employs both fundamental as also event-based analysis leveraging the investment team's experiences in South East Asian credit, natural resources and industrial sectors. Focus is on higher yielding credits (5-15% YTM) with overlaid short positions to hedge risks. It seeks to generate attractive risk-adjusted returns, targeting 8-10% per annum. Positions are concentrated (total 20-30 with single position limits of 15%) with Exposure ranges of Long: 50% - 150% / Short: 25% - 75% / Net: -20% - 125%. Why this Fund ?
- 1. Specialist hedge fund employing a concentrated long/ short approach with net exposure at ~62%
- 2. PM John previously spent 12yrs at Farallon in Singapore with experience in SE Asia & Australia
- 3.Strong benchmark outperformance of 8.5%+ YTD21 with current YTM of 8.4% and duration < 3 years
Carlyle Tactical Private Credit
Carlyle Tactical Private Credit Fund provides access to private credit markets using Carlyle’s significant infrastructure & experience to originate and structure these opportunities. It is a Delaware incorporated statutory trust, registered as a continuously-offered closed-end interval fund. The fund makes quarterly distributions and offers quarterly liquidity upto 5% of the portfolio. The fund has 238 investments which are primarily floating rate instruments and well diversified across industries. The fund employs low leverage and shifts its portfolio strategically based on where it finds the best risk-adjusted returns across the credit spectrum in liquid credit, direct lending, opportunistic credit, structured credit, distressed credit and real asset credit. ~⅔ rds of the portfolio is expected to be directly originated. The Fund sources opportunities through Carlyle’s extensive global relationships and proprietary network and through the deep infrastructure Carlyle has developed in each of the Fund’s credit strategies. Deals are originated by the Global Credit Platform, which includes 160+ investment professionals and total assets of $59B. It makes investments in <5% of originated deals.
UBAM Global Convertible Bond A (USDHDG) ACC
UBAM Global Convertible Bond is one of the largest funds providing exposure to the Global Convertible Bonds. The dual nature of convertible bonds – a bond instrument with an embedded conversion option – gives it the defensive qualities of fixed income securities with the upside potential of equities. The fund has an average equity sensitivity ranging from 10% to 70%. It incorporates a cautious approach to credit risk for capital preservation and a bias towards companies with superior-growth prospects, exposed to attractive secular trends (in sectors such as IT, healthcare etc.). The fund incorporates Bottom-up portfolio construction. The benchmark used is Refinitiv Global Convertibles Hedged EUR. Current portfolio (Jun21) is well-diversified with 101 holdings. Around 85% of total assets invested in America & EMEA. The average duration of the fund is 3.88 year and its interest rate sensitivity is 1.61. The portfolio is inclined toward communications and technology.
Silverdale Fixed Maturity Fund 2024
SILVERDÄLE FMF 2024 is a close ended long only leveraged Fixed Income fund incorporated as a Singapore VCC. It follows a buy & hold portfolio strategy to reduce transaction costs. It focuses on capital preservation through fundamental analysis. The portfolio has 10-20 short duration Asian (primarily Indian/ financial) with an average rating of BB and low-cost locked-in initial leverage of 2X. Returns are predictable from the initial portfolio and are expected to be approx.7%.