Geneva-headquartered asset manager Lombard Odier has expanded its PrivilEdge platform with a new global government bond fund managed by BlueBay, targeting outperformance with an ESG focus and active security selection.
The PrivilEdge – BlueBay Investment Grade Global Government Bonds fund aims to outperform the Bloomberg Global Treasury Total Return Index (USD hedged), investing in investment-grade sovereign debt while integrating ESG considerations.
Lombard Odier’s PrivilEdge platform, launched in 2014, gives investors access to top-tier external fund managers through customised Ucits-compliant strategies. The fund is built on BlueBay’s macroeconomic research and employs a selection process that blends fundamental and ESG analysis with multivariate alpha modelling. The result is a conviction-weighted portfolio of 40–45 liquid and diversified securities, shared the provider.
Risk is managed through a proprietary framework that targets a 0–2% tracking error, serving as the primary control mechanism. Security selection and positioning are led by a team of portfolio managers experienced in global bond markets.The managers also leverage direct interactions with policymakers in both developed and emerging markets to anticipate opportunities and market inefficiencies. They are supported by a team of over 120 investment professionals within BlueBay’s $130 billion fixed income platform.
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As of May 31, 2025, the platform held over 6.9 billion Swiss francs across 30 funds, each available in multiple share classes. Maxime Perrin, head of open architecture at Lombard Odier, commented: “Lombard Odier prides itself on its ongoing commitment to bringing new sources of alpha to clients with our PrivilEdge open architecture platform. The platform continues to evolve to reflect the needs of investors and the addition of the new PrivilEdge – BlueBay Investment Grade Global Government Bonds fund will provide clients with an actively managed exposure to a global government bond portfolio.”
Mike Reed, head of global financial institutions at RBC BlueBay, added: “RBC BlueBay is delighted to expand its valued partnership with Lombard Odier. As an asset manager, we are committed to providing actively managed investment strategies that respond to our clients’ needs, and which we strongly believe provide superior outcomes to investors over the medium term. We consider that active investing in global government bonds offers a diverse range of opportunities to generate alpha by focusing on the underlying politics and policy that drive many of the movements in government bond prices. We look forward to supporting Lombard Odier and their clients via the PrivilEdge platform.”
