Melbourne-based boutique manager Yarra Capital Management recently opened its absolute credit strategy to wholesale and high-net-worth investors. Fund portfolio manager Phil Strano, who joined Yarra Capital in May 2017 from Victorian Funds Management Corporation, said investors were seeking access to a floating rate and absolute return credit portfolio in a fund format.

“Yarra’s proven investment processes combined with its broader Australian fundamental research capabilities uniquely positions the firm to take advantage of market mispricing across multi sectors, including unlisted debt, where declining bank participation continues to increase opportunities for institutional investors,” Strano said.

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