Fastened earnings boutique BlueCove has launched a worldwide credit score absolute return technique on Lumyna’s Different Ucits platform, the businesses have introduced.
The brand new Luxembourg-domiciled fund, which is formally referred to as the Lumyna – BlueCove Different Credit score Ucits fund, will search to offer buyers with market impartial returns by investing throughout a extremely diversified liquid universe of fastened earnings devices.
The corporations mentioned the launch coincides with an growing consumer curiosity to seek out options to their conventional fastened earnings exposures. On this respect, BlueCove will present data-driven and clear firm-level scientific funding processes to allow a extremely diversified and modular strategy to portfolio building.
Chief govt of Lumyna, Philippe Lopategui, mentioned: ‘BlueCove is a extremely progressive funding supervisor, a lot of whose funding professionals and engineers have been on the forefront of scientific fastened earnings market improvement since its inception. With BlueCove we carry buyers entry to actual innovation in fastened earnings investing within the Ucits area.’
The worldwide credit score absolute return fund was launched on December 17 2020 with $120m in property below administration. It’s obtainable on the market to eligible buyers in a number of European nations by way of Lumyna’s community of distributors.
Lumyna, which was based in 2007, has been a part of Generali Group’s multi-boutique enterprise since 2018. The platform holds $18bn of property below administration.
BlueCove was based in 2018 to develop scientific funding processes relevant to the asset class of fastened earnings. Its funding options goal to supply buyers each another and a complement to the normal discretionary fastened earnings methods that dominate portfolios right this moment.