Yarra Absolute Credit Fund
Yarra Capital Management has launched the Yarra Absolute Credit Fund , which invests in a diversified, multi-sector floating rate portfolio of listed and unlisted Australian and New Zealand domiciled credit securities.
The fund seeks to offer investors a higher return than traditional fixed income, and is an extension of an institutional strategy made available late last year.
The lead manager on the fund is Phil Strano, who is supported by a five-person fixed income team, overseen by head of Australian fixed income, Roy Keenan.
“We are excited to bring the Yarra Absolute Credit Fund to market. The strategy has a $1.5 trillion opportunity set and offers access to a proven investment approach, delivered by an investment team which is uniquely positioned to exploit opportunities in Australian corporate credit," Keenan said.