BlueBay Global Credit Alpha Long Short Fund Limited

Back to all funds
Share class
ISIN
Key documents

    Overview

    A hedge fund investing in fixed income and related securities to exploit dispersion, asymmetry and volatility in financial, corporate and sovereign credit and interest rates.

    Fund specific risks

    For further terms related to the objective, investment policy and overall risk and reward profile please refer to the prospectus.

    • Nature of Investments Risk: The Fund intends to take both long and short positions in corporate and sovereign credit. Therefore, the Fund is subject to
      both credit and market risk. These investments include both Investment Grade, below Investment Grade, and unrated securities. The fact that securities are unrated or are rated below Investment Grade reflects a greater probability that adverse changes in the financial condition of the issuer and/or in general economic conditions may impair the ability of the issuer to make payments of principal and interest.
    • Short Selling Risk: A short sale creates the risk of an unlimited loss. There can be no assurance that the security necessary to cover the short position will be available for purchase. Purchasing securities to close out the short position can itself cause the price of the securities to rise further, thereby exacerbating the loss.
    • Fixed Income Securities Risk: The Fund may invest in bonds or other fixed income securities, including without limitation, commercial paper and “higher
      yielding” (including non-Investment Grade and, therefore, higher risk) debt securities. The Fund will, therefore, be subject to credit, liquidity and interest rate risks. Higher-yielding debt securities are generally unsecured and may be subordinated to certain other outstanding securities and obligations of the issuer, which may be secured on substantially all of the issuer’s assets.
    • Derivatives Risk: The Fund may utilize both exchange-traded and OTC derivatives, including, but not limited to, Total Return Swaps, futures, forwards, swaps, options and contracts for differences. These instruments can be highly volatile and expose investors to a high risk of loss, and particularly so to the extent uncleared.
    • Liquidity Risk: n some circumstances, investments may be relatively illiquid making it difficult to acquire or dispose of them at the prices quoted on the various exchanges. At times it may be difficult to obtain price quotes at all. The Fund’s ability to respond to market movements may be impaired and the Fund may experience adverse price movements upon liquidation of its investments, or settlement of transactions may be subject to delay and administrative uncertainties.

     

    For share class information, please contact marketing@bluebay.com

    Investment approach

    • The Fund aims to generate positive risk-adjusted returns by seeking to exploit dispersion, asymmetry and volatility in the market
    • The investment universe includes cash and derivative instruments, corporate, sovereign and rate markets primarily in the investment grade space

    Investment philosophy

    matching(2).png
    Our rigorous, proprietary research of issuers and individual securities seeks inefficiencies in the market to identify where we believe the market has mispriced risk/return, indicating potential for asymmetric return profiles. By accessing our full toolkit of instruments, we have the ability to implement a range of long and short positions
    duration(2).png
    The Fund offers diversified and uncorrelated exposure in an environment of divergence in global rates and growth
    Tom Moulds 350 x 290.jpg

    Tom Moulds

    Managing Director, Senior Portfolio Manager, BlueBay Fixed Income, Investment Grade

    Tom is a Managing Director and Senior Portfolio Manager on the BlueBay Fixed Income team, with nearly two decades of experience across a broad range of Investment Grade credit strategies. He joined the firm in 2005 and has played a key role in the development and management of some of the firm’s flagship strategies. Over the course of his career, Tom has gained deep and varied experience across both benchmark and absolute return portfolios, and establishing the existing long/short hedge fund strategy in the Investment Grade team. He has been instrumental in shaping the firm’s European credit platform and brings a strong track record of performance and insight to his central role as a key risk taker within the European credit team. Tom is Portfolio Manager of the BlueBay Credit Alpha Long/Short strategy as well as the European Corporate Bond, Absolute Return, and Impact Aligned strategies. His ability to contribute meaningfully across a range of portfolios is underpinned by his deep market experience, strong credit instincts, and his focus on capital preservation across all of the BlueBay Fixed Income Investment Grade strategies.

     

    Marc Stacey 350 x 290.jpg

    Marc Stacey

    Managing Director & Senior Portfolio Manager, BlueBay Fixed Income, Investment Grade

    Marc is a managing director and senior portfolio manager on the BlueBay Fixed Income team, focussing on Investment Grade (IG) non-sovereign debt, specialising in financials. Marc started in his current role in 2011 as a lead portfolio manager. He has been instrumental in driving the success of the European IG credit strategies as well as the peer-leading performance of the Financial Capital Bond Fund. Marc joined the firm in 2004 as an operations analyst before joining the investment grade team in 2006 as a trader. Prior to joining the firm, Marc spent two years at CSFB focussing on credit derivatives. He started his career in the investment industry in 2002.

    James Pettit 350 x 290.jpg

    James Pettit

    BlueBay Portfolio Manager, Investment Grade

    James is a BlueBay Portfolio Manager within BlueBay's Investment Grade team and joined the firm in March 2012. James joined BlueBay Asset Management (which is now part of RBC Global Asset Management) as a member of the Operations department before moving to the Investment Grade team in December 2013. Prior to BlueBay, James worked for Sapient Global Markets as an associate consultant, spending most of this time working in trade support. He holds a BSc (Hons) degree in Investment and Financial Risk Management from Cass Business School, City University.

    Related insights

    escalation-after-mid-terms.jpg

    Escalation after mid-terms?
    8 mins read
    Mark Dowding 80 x 80.jpg
    Mark Dowding
    Oct 30, 2026
    has-the-sell-off-in-france-gone-too-far.jpg

    Has the sell-off in France gone too far?
    8 mins read
    Mark Dowding 80 x 80.jpg
    Mark Dowding
    Oct 23, 2026
    is-client-spend-on-ai-starting-to-disappoint.jpg

    Is client spend on AI starting to disappoint?
    5 mins read
    Mark Dowding 80 x 80.jpg
    Mark Dowding
    Oct 16, 2026