Legal & General Investment Management (LGIM) has announced the launch of the L&G Multi-Strategy Credit fund.
Managed by Omar Saeed, senior Macro Credit fund manager at LGIM, the fund is a global aims to capture relative value opportunities in order to provide growth and sustainable cashflows at relatively low risk.
Saeed will be supported by LGIM’s 67-strong Global Fixed Income team, responsible for £107bn of actively managed assets (as of 30 June 2015).
Anton Eser, co-head of Global Fixed Income at LGIM said: “Multi-strategy credit is an unconstrained investment approach and is designed to capture our best ideas across global fixed income markets, with a strong emphasis on downside risk.”
“The fund draws upon the high-quality inputs of our global fixed income team, offering investors the strength of a well-resourced capability, and bringing considerable skill and experience to target consistent outperformance through volatile markets.”
The fund is a Luxembourg-domiciled Sicav fund, its current performance target is a total return of cash + 5% per annum over a rolling five-year period.