UK - Threadneedle Investments has added a fixed income hedge fund to its Crescendo product line-up.
The Crescendo Credit Fund will be run by a team of bond managers led by Threadneedle’s head of fixed income Robert Stirling, and it will invest in a combination of investment grade, high yield and emerging markets bonds, as well as derivatives.
The fund was launched with approximately £12.5m of seed capital, and the minimum investment is US$250,000 (£155,800).
Separately, Threadneedle’s total institutional business figures for 2002 have revealed mandate wins of over £1.3bn.
The fund manager recorded 43 new appointments from a variety of clients including its first mandate for a UK local authority – Bath and north-east Somerset.
It also won a UK equity mandate for Frank Russell’s multi-manager product, and the Marks & Spencer DC Plan.
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