Gabelli Credit Fund Goes Offshore

Jan 4 2013 | 10:38am ET

Gabelli & Partners has launched an offshore version of its corporate bond hedge fund.

The Gabelli Intermediate Credit Fund, like its onshore counterpart, is managed by Wayne Plewniak, Gabelli's director of fixed-income. The new fund debuted on Jan. 1.

“Wayne has successfully managed the Gabelli Intermediate Credit Fund L.P. since its inception in 2007. We are responding to the request of a number of our non-U.S. and non-taxable U.S. clients to provide access to this strategy while affording the benefits of an offshore vehicle for the Fund,” said Michael Gabelli. “The onshore version of the Gabelli Intermediate Credit Fund is now armed with a solid five year track record run by an experienced manager who has a consistently applied investment strategy in a fund with significant capacity.”

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