Schroders has launched Schroder Alternative Solutions (Schroder AS) Argentine Bond fund – a strategy focused on investing across Argentina’s full credit spectrum. The fund was launched on 29 June 2018 and provides access to bond issuers in a large, growing economy with the aim of delivering investors a high yield, total return strategy.
The strategy will take a research driven, bottom-up approach in order to build a diversified portfolio of issuances across Argentina’s over $300bn investment universe, whilst also managing downside risk. The team will search for opportunities in sovereign debt, provincial debt, corporate debt and local currency.
The strategy will be managed by Fernando Grisales and James Barrineau and the 10 strong emerging market debt team in New York, and advised by the Argentina investment desk, led by Pablo Albina. Albina is country head, Argentina and has 26 years of investment experience, including 20 years as a fixed income fund manager.
The investment team is backed by Schroders’ global expertise, with a strong emphasis on local knowledge. The team has an on-the-ground presence in Argentina and local specialists to cover regional issuers in Argentina’s 23 provinces and the City of Buenos Aires.
Schroders has had a presence in Argentina since 1932 and currently managing more than $1.2bn in Argentina long-only debt.