The fund invests mainly in investment grade and high yield bonds issued in US Dollar, Sterling and Euro. Allocations to high yield bonds is capped at 40%, the fund can maintain an average investment grade rating. The key differentiating factor for the fund is the focus on short maturities in order to limit the interest rate risk.
Tatjana is leveraging the expertise of one of the most experienced fixed income teams in London specialising on high yield and crossover (i.e. the junction between high yield and investment grade bonds).
We like the fund as it offers an attractive yield with very low duration, thereby potentially protecting capital well in falling bond markets.
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Fund Manager: Tatjana Greil Castro
Tatjana has been working as a Portfolio Manager at Muzinich & Co since 2007. She is also member of the firm’s UK Executive Committee which has the overall responsibility for the day to day running of the UK business.
Tatjana has 15 years fixed income portfolio management experience successively at Legal & General Investment Management, Fortis IM, Metlife and Muzinich. Prior to that, she was a high yield telecom analyst with Merrill Lynch.
Fund Group: Muzinich & Co
Muzinich & Co was founded in 1988 and remains a privately owned, family operated and fully independent asset manager, focused on the fixed income market. The family is represented by George Muzinich, Chairman and CEO and Justin Muzinich, President. Muzinich was founded in New York and has offices in several cities across the globe. Initially, the focus of Muzinich was on the high yield market, however over time the firm has broadened its base to become active across the entire credit spectrum.