Yarra Capital Management has launched its Yarra Absolute Credit Fund for institutional, wholesale and high net worth investors, extending the reach of the strategy which recently became available to the manager’s institutional clients.
The fund seeks to earn higher returns than traditional fixed income by investing in a highly diversified floating rate portfolio of listed and unlisted Australian and New Zealand domiciled credit securities across multi sectors, the manager said.
The fund is led by portfolio manager Phil Strano, who joined Yarra in May 2017 from Victorian Funds Management Corporation, where he ran a similar portfolio. Strano is supported by a five-person fixed-income team overseen by head of Australian fixed income Roy Keenan, Yarra said.
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