Alceda and Clark Capital launch tactical fixed income fund
Clark Capital Management Group has launched its CCMG Navigator - Tactical Fixed Income fund on the Alceda UCITS Platform (AUP).
The fund, domiciled in Luxembourg, continues the strategy of the Clark Capital Navigator Fixed Income Total Return Investment Solution, launched in 2005 in the US.
Founded in 1986, Clark Capital is an independent, employee-owned investment advisory firm based in Philadelphia managing over USD2.8 billion in client assets. Within the mutual fund, portfolio managers seek to deliver income and risk control while reducing interest rate sensitivity.
The Tactical Fixed Income strategy aims to deliver excess alpha over a full market cycle measured against Barclays Capital US High Yield Bond Index and Barclays Capital US Aggregate Bond Index. The strategy seeks total return with a secondary goal of current income.
The fund is expected to be particularly popular with Latin American investors looking for an opportunity to invest in a tactical international fixed income strategy with an acknowledged track record and in an established structure. Alceda’s partner, AFINA International Advisors, a specialist financial services company, will market the fund to its investor base in Latin America.
Harry Clark, chairman and CEO of Clark Capital Management Group, says: “Fixed income has dominated investment inflows over the last decade as global investors have sought alternatives to volatile equity markets. We believe flexibility is the key to alpha and that a disciplined quantitative research process may lead to consistent long-term performance. Our prudent, flexible and highly adaptable approach enables us to seek to constantly balance risk while pursuing alpha and we are delighted to have partnered with Alceda as we look to expand our Latin American investor base.”
Michael Sanders (pictured), CEO and chairman of the board of Alceda Fund Management SA, says: “The Alceda UCITS Platform provides an easy solution for asset managers to launch their investment strategies in a UCITS format. Through our established network of distribution partners, in this case AFINA, we aim to take the fund global. Demand for Luxembourg domiciled UCITS structures is growing in Latin America with investors looking for time tested funds that provide a level of sophistication and transparency and better returns than is often available in local markets.”
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