U.S. Bond Fund Concerto Picked By Fund Of Funds Goodhart

Sep 3 2010 | 11:21am ET

Credit hedge fund shop Concerto Asset Management has won a €60 million mandate from a European fund of hedge funds, which it hopes will open the door to extensive institutional investor interest .

Charlotte, N.C.-based Concerto was hired by London-based Goodhart Partners to fill an absolute return credit mandate for its Target Return bond fund.

“With government bond yields at such low levels, there is a real need for products, which can replace that lost return without simply chasing after more yield further down the capital structure,” founder Julie Bouhuys said. “We have designed this product to do exactly that, and believe that the move away from traditional, index-based bond investing will gather momentum in the coming years, especially with pensions and endowments.”

The mandate pushes Concerto’s assets under management to US$140 million.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of