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European Private Investment Office Throws Off The Chains With New Bond Fund

Tom Burroughes Group Editor London 16 January 2014

European Private Investment Office Throws Off The Chains With New Bond Fund

Bedrock, the European private investment office with offices in Geneva and London, is launching a bond fund that is not restricted by traditional market benchmarks, designed to boost returns in all conditions amid uncertainty about the fixed income market.

Bedrock, the European private investment office with offices in Geneva and London, is launching a bond fund that is not restricted by traditional market benchmarks, designed to boost returns in all conditions amid uncertainty about the fixed income market.

The fund is called the 20UGS TCW Unconstrained Plus Bond Strategy; it will be exclusively managed by TCW, one of the most renowned fixed income managers in the US.

The UCITS IV-compliant Luxembourg domiciled fund follows an unconstrained strategy, which aims to use all sectors of the global fixed income universe. This approach permits a large degree of flexibility and can limit interest rate risk – likely to be in investors’ minds as they contemplate the likely wind-down of central bank quantitative easing.

Bedrock says its new fund is the third to be rolled out under its 20UGS (UCITS) umbrella.

“The decision to launch a range of funds has been a strategic, yet natural progression for Bedrock. In addition to seeing an increased appetite from our clients for these products, we also believe it is an opportunity to expand into the institutional investor market,” Ariel Arazi, managing partner and co-founder of Bedrock.

Heinrich Riehl, managing director, sales and business development (Europe) at TCW, added: “In Bedrock, we found a partner who excels with European investors, particularly in Switzerland. Our US unconstrained funds have been very successful with US investors so we wanted to replicate this in Europe. With Bedrock’s long-established network in the region, entering a strategic relationship was a natural decision for us.”

To view an interview with Bedrock, click here.

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