Bentham names distribution manager

Bentham Asset Management, the global fixed interest and credit investment manager, has promoted Larry Francis to wholesale distribution manager for New South Wales and Queensland.

He was elevated from a role within business development.

Francis joined Bentham over three years ago and before that, he was part of the distribution team for Clime Asset Management and Grant Thornton Australia.

Richard Quin, Bentham's principal and chief investment officer said the firm was broadening its client coverage in Australia as part of its efforts to provide quality service to our valued investors and the financial advisory community.

Bentham offers a range of funds designed to provide regular income while diversifying risk in global credit markets.

Francis noted that fixed income and global credit continue to be useful diversifying asset classes for Australian investors offering higher income than cash, with less risk than shares.

"Importantly, when allocating a portfolio across cash, fixed interest and equities, adding global credit has historically improved returns for a given level of risk because global credit can perform well at different times to equities, fixed income and other asset classes," he added.

Bentham's flagship Global Income Fund turns 20 in September and has a current monthly distribution rate of 6.5 per cent annually.