Home Announcement Pacific Asset Management and Coolabah forge new strategic partnership

Pacific Asset Management and Coolabah forge new strategic partnership

By: coolabahcap
October 10, 2023

Pacific Asset Management (“PAM”), the London-based asset manager and Coolabah Capital Investments (“Coolabah”), a leading global active credit fund manager, today announce the launch of the Pacific Coolabah Global Active Credit Fund.

The newly launched fund is an Irish UCITS vehicle focusing on long-only credit opportunities. Managed by Pacific Asset Management and sub advised by Coolabah, aiming to outperform the global corporate bond markets benchmark in excess of 150 basis points. The team combines a proprietary quantitative asset-selection approach with deep fundamental research to deliver superior risk-adjusted returns whilst maintaining a consistently high-quality credit portfolio.

The Pacific Coolabah Global Active Credit Fund will invest based on three major investment principles: generating alpha from inefficiencies in liquid high-grade bonds; minimising idiosyncratic credit risk; and maintaining a focus on quantitative & technical dislocations.

Stewardship is central to the fund manager’s approach, emphasising a commitment to effect real change. A dedicated six-person credit research team has joint responsibility for proprietary ESG research and portfolio integration.

The fund’s reference benchmark is the Bloomberg Global Aggregate Corporate Currency Hedged Index and it will be available in the following currencies: GBP, USD, EUR, CHF, AUD, NZD and JPY.

Matthew Lamb, CEO, Pacific Asset Management, said:

“PAM has always looked for fund managers who can bring a true craft investment approach to our investors. I am delighted that Chris and I were able to structure a partnership earlier this year that has enabled the launch of this truly differentiated investment grade credit fund. Coolabah’s investment approach is unlike any other I have seen and lets us bring to investors a real alternative to the more commoditised, traditional fixed income funds. I look forward to working with Chris and the rest of the Coolabah team.”

Christopher Joye, CIO and Portfolio Manager at Coolabah Capital Investments, commented:

“We are really excited to bring this new fund to a wider investor audience. Our philosophy is that proprietary quantitative research fused with very active trading in liquid, high grade credit can consistently find and exploit bond mispricings to generate alpha through capital gains that materially enhance the organic yield that you earn on these securities.”

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