The latest product and service launches in the global wealth management sector.

Green Ash Partners, a credit boutique based in London, has launched a UCITS global high-yield fund, Green Ash Global High Yield. 

The fund will be managed by managing partners and co-chief investment officers, Miles Cohen and Nick Freeman. The portfolio holds global high yield securities with a flexible allocation approach and a bottom-up credit selection process. 

This inaugural high-yield fund offering continues the firm’s investment style, based upon a similar mandate which has produced positive annual returns every year since inception in 2011. A clear difference in the fund’s investment strategy is the focus on more concentrated positions with typically 50-100 holdings, invested across developed market high yield as well as additional allocations to both hard currency emerging markets and subordinated bank debt. 

The fund is registered for sale in Luxembourg, but the UK and Switzerland are expected to follow shortly. 

Before founding Green Ash in 2009, the managing partners worked together at Goldman Sachs International where they were managing global credit and multi-asset class mandates for clients in Europe, Middle East and Africa. 

Earlier in 2017, Green Ash entered into a strategic partnership with Woodman, a Swiss based investment group, taking responsibility for the liquid credit needs of the group. Green Ash will continue to operate as an independent unit, with support from the Woodman Group.