New York based asset manager Neuberger has launched a short duration income fund, designed to deliver efficient income from fixed income opportunities at the front end of yield curves. The fund will invest primarily in investment grade debt markets.
The strategy seeks to generate consistent, risk-adjusted returns through an actively managed, relative value approach across investment grade fixed income sectors, with the flexibility to tactically allocate to select non-investment grade opportunities.
The fund will be managed by a team of senior portfolio managers including Ashok Bhatia, David Brown, Michael Foster and Matthew McGinnis.
Ashok Bhatia, CIO and head of fixed income, said: “Neuberger has managed fixed income assets for more than four decades, and our multi-sector platform has delivered strong outcomes across strategies such as strategic income and global flexible credit income.
“With the short duration income fund, we are expanding this successful platform to meet the growing demand from investors who want to minimise duration risk while preserving attractive yields.”
Neuberger manages $222bn across its global fixed income platform.
