Union Bancaire Privée (UBP) continues expanding its Alternative Ucits platform with the launch of a credit long/short strategy.
The Swiss group has partnered with the New York-based alternative investment manager Global Credit Advisers (GCA), the U Access (IRL) for the launch of GCA Credit Long/Short Ucits fund.
The Fund, managed by long/short fund manager Steven Hornstein - who is the CIO and co-founder of GCA - will mainly focus on investment grade, high-yield and distressed bonds while using a fundamental research process.
Nicolas Faller, co-CEO of asset management at UBP, said: "At this point in the cycle, we believe there are a lot of opportunities for a long/short strategy in credit.
"There are very few managers successfully trading this strategy, and Mr Hornstein and his team have proven to be amongst the best in the space given their success for more than 10 years."