French manager LFDE brings short-term fixed income strategy to investors in Spain
French manager La Financière de l'Echiquier (LFDE) continues expanding its funds offering in Spain by bringing to the country a short-term fixed income strategy investing mostly in the eurozone area.
Echiquier Short Term Credit invests in corporate bonds and other forms of securitised debt mostly from private issuers across the eurozone. It invests just in short maturity notes, of five years or below.
The Fund was launched in France in 2009 and is aimed at any type of investor's profile. It is managed by Olivier de Berranger, who follows a disciplined methodology to run the strategy, consisting on a exhaustive bond picking carried out by all members of the management team.
Mathias Blandin, LFDE head of business development in Spain, said: "To offer a short-term fixed income solution like this one in the current increasingly irrational market environment it is very interesting. Echiquier Short Term Credit seeks to offer an alternative in the current environment of negative interest rates across most of the countries; increasing volatility, and bank clients being charged for their bank accounts."
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