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Key documents
Objective
The strategy provides a single point of access to BlueBay’s best ideas across long/short credit, global macro and less liquid leveraged finance markets.
Fund specific risks
For further terms related to the objective, investment policy and overall risk and reward profile please refer to the prospectus.
- Liquidity Risk: There can be no assurance that the liquidity of the investments of Underlying Funds will always be sufficient to meet redemption requests as, and when, made. Any lack of liquidity may affect the liquidity of the Shares of the Sub-Fund and the value of its investments.
- Concentration Risk: Each Underlying Fund may at certain times hold relatively few investments and may itself invest in another Underlying Fund. The Fund could be subject to significant losses if it, through one or more Underlying Funds, has exposure to a large position in a particular investment that declines in value or is otherwise adversely affected, including default of the issuer.
- Debt Securities: The Underlying Funds may invest in debt securities which may be unrated by a recognised credit rating agency or below investment grade and which are subject to greater risk of loss of principal and interest than higher-rated debt securities.
- Leverage Risk: Certain Underlying Funds in which the Fund may invest operate with a substantial degree of leverage. This leverage presents the potential for a higher rate of total return but will also increase the volatility of the Fund, including the risk of a total loss of the amount invested.
For share class information, please contact marketing@bluebay.com
Investment Approach
- The fund provides a single point of access designed to access the full suite of alpha opportunities in global credit. The BlueBay Multi Asset Decision Group provides allocation oversight across broad strategies
- The fund invests in:
BlueBay Global Credit Alpha Long Short Fund:
A market neutral strategy focusing on global long/short corporate and sovereign credit
BlueBay Event Driven Credit Fund:
A total return strategy investing in stressed and event-driven credit with a focus on Europe and North America
BlueBay Emerging Market Credit Alpha Fund:
A market neutral strategy taking best ideas across EM corporate and sovereign debt, hard and local currency
BlueBay Global Sovereign Opportunities Fund:
A discretionary global macro active strategy investing in interest rates, currencies and sovereign credit across global markets
BlueBay Global Securitized Credit Opportunities Fund:
Opportunistically invests across the full capital structure
Market opportunity
The opportunity set in credit is currently heightened relative to recent history. Absolute yields are elevated, and fixed income volatility has taken a significant leg higher as central banks have embarked on global rate hikes
By combining different credit orientated hedge fund strategies into a single fund we can benefit from their strong return profiles while reducing volatility by combing low correlated strategies. The result is increased consistency of returns and volatility
Mark Dowding
BlueBay Chief Investment Officer, BlueBay Fixed Income
Mark is Chief Investment Officer for BlueBay fixed income. He has over 30 years' investment experience as a macro fixed income investor and has been a senior BlueBay portfolio manager since he joined in August 2010. As a macro risk taker, Mark actively pursues an open dialogue with policy makers and opinion formers, believing that proprietary research is key to gaining insights to generate strong investment returns. Prior to joining the firm, Mark was Head of Fixed Income in Europe for Deutsche Asset Management, a role he previously occupied at Invesco. He started his career as a fixed income portfolio manager at Morgan Grenfell in 1993 and holds a BSc (Hons) in Economics from the University of Warwick.
Raphael Robelin
BlueBay Head of Multi-Asset Credit, Credit Strategy & Asset Allocation
Raphael is Head of Multi-Asset Credit at BlueBay. He has over 25 years' investment experience and was co-CIO and then sole CIO of BlueBay Asset Management (which is now part of RBC Global Asset Management) from January 2014 to May 2019. Raphael has had overall responsibility for the investment grade debt portfolios and held key portfolio management roles during his time at BlueBay. Raphael joined BlueBay in August 2003 from Invesco where he was a portfolio manager for investment grade funds. Prior to that, he was a portfolio manager with BNP Group and Saudi International Bank. Raphael holds a degree in Engineering (IT) and Applied Mathematics from EFREI as well as a Master's in Management and International Finance from La Sorbonne, Paris.
Blair Reid
BlueBay Senior Portfolio Manager, Multi-Asset and Income
Blair is a BlueBay Senior Portfolio Manager within the Multi-Asset Credit Team. He joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in August 2013 and is a member of the Multi Asset Decision Group (MADG). Prior to BlueBay, Blair worked for Goldman Sachs Asset Management where he spent six years as a lead portfolio manager in the fixed income team, specialising in emerging market debt and FX. Previously he worked for Barclays Global Investors as well as Aon (now Aon Hewitt), where he was an investment consultant. He holds an MBA from London Business School, a Bachelor of Economics degree from Macquarie University in Sydney and is a Fellow of the Institute of Actuaries.
Maria Satizabal
BlueBay Portfolio Manager, Credit Strategy & Asset Allocation
Maria is a BlueBay Portfolio Manager in the Multi-Asset Credit team and is also a member of the Multi Asset Decision Group (MADG) at BlueBay. Maria joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in January 2008 and held positions as a risk analysist and assistant portfolio manager before moving to her current role in January 2021. Prior to BlueBay, Maria spent one year at Standard Bank Group in the Asset Management division where she was a senior performance analyst for emerging markets and high yield fixed income portfolios. From 2004 until 2007 she worked as a senior portfolio analyst at State Street Global Advisors focusing on LDI, fixed income, FX and equity funds. Maria holds a MSc in Mathematical Trading and Finance from Cass Business School in London as well as a Master in Industrial Engineering and a Bachelors of Industrial Engineering from Universidad de Los Andes in Colombia. Maria has passed the Investment Management Certificate.
A heritage rooted in alternative investments
For over 20 years we have responded to client demand, building a compelling range of long-only investment strategies enhanced by our expertise in derivatives whilst continuing to deliver the highly specialist long-short capabilities of our boutique beginnings.