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

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note