TPT Investment Management (TPTIM) has launched a £170m (€205m) global opportunities fund seeded with capital from TPT’s defined benefit (DB) master trust.
The global credit opportunities fund will invest in all types of bonds available in the public market, including sovereign, emerging market and high yield.
It aims to invest in markets that may not be as well-known as others, giving managers the chance to demonstrate their skill in accessing a diversified set of risk premia when compared with more traditional asset allocation. The fund can more dynamically alter allocations, depending on key market triggers, TPT explained.
This fund is the sixth in a series of seven planned launches of new collective investment vehicles, designed by TPTIM to offer schemes easy access to a wide range of investment strategies.
The funds will enable pension schemes joining TPT to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trust.
Simon Moss, portfolio manager for the global credit opportunities fund at TPTIM, said: “Our latest in the series of new fund launches will continue to broaden our schemes’ access to a diversified range of assets.”
He added that the fund will increase TPTIM’s ability to offer a well-rounded investment strategy, with diversified risk premia, while maintaining scheme liquidity.
“As with all of our funds, schemes to benefit from consolidation, responsible investment, and investment expertise that would not necessarily be available to smaller, standalone schemes,” he said.
Read the digital edition of IPE’s latest magazine
No comments yet