Investec targets EU institutional investors with alternatives platform

first_imgInvestec Asset Management has launched an alternatives platform in Luxembourg to cater for EU-based institutional investors.The platform is designed to offer investors access to a range of strategies under the Alternative Investment Fund Managers Directive (AIFMD), with offerings tailored to specific client groups.The first product on the platform is an unconstrained multi-asset credit fund, run by Jeff Boswell and Garland Hansmann. The pair already manage roughly $400m (€342m) in the strategy through other vehicles.Investec also planned to launch a defensive version of the strategy aimed at German institutional investors, a spokeswoman for the asset manager said. John Green, global head of client group, said: “This move underlines our commitment to providing our European clients with solutions tailored to their specific requirements – an example being investors’ dual requirements for yield enhancement and capital preservation given uncertain markets.“Our multi-asset credit strategy actively manages exposure across the credit spectrum to build a diversified portfolio which aims to be high-yielding yet comparatively defensive, with low volatility and low sensitivity to interest rates.”Investec’s existing Luxembourg fund range includes 47 products with more than €31bn in assets.The spokeswoman said the move was unrelated to its Brexit preparations. Similarly, she said the firm had no specific plans to add staff in its Luxembourg office.Companies including M&G and Columbia Threadneedle have transferred assets out of UK-based funds to Luxembourg in preparation for the UK leaving the EU in March, while several other asset managers have expanded their resources in offices in Ireland or Luxembourg.AIFMD is a European directive covering hedge funds, real estate, private equity and other alternative investment categories.Access IPE’s November 2017 Credit Special Report here.last_img read more