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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...