Wednesday, 22 February 2017
Last updated 10 hours ago
Nov 30 2010 | 12:02pm ET
Skandia Investment Group has poured £19 million from three of its funds of hedge funds into Liontrust Asset Management's UCITS III-compliant credit opportunities fund.
The investment comes from Skandia's Diversified, Bond Income and Alternative Investments funds. Skandia fixed-interest research chief Adam Smears credited the Liontrust team's "proven track record" in generating returns in many market environments for the allocation.
The Liontrust Credit Absolute Return fund employs the same strategy and investment process as Liontrust's Credit Hedge Fund, but with less risk. It is a liquid long/short credit vehicle focused on European opportunities, and is managed by Simon Thorp and James Sclater.
The Luxembourg-domiciled fund was launched in March.