Global Active Credit Strategy
Pacific Coolabah Global Active Credit Fund
Focus on “alpha” generation in liquid, high-grade credit
Overview
We are excited to announce the launch of the Pacific Coolabah Global Active Credit Fund, a liquid investment grade credit fund aiming to outperform global corporate bond markets, in partnership with Pacific Asset Management, a London-based asset manager.
Coolabah’s investment team combines a proprietary quantitative asset-selection approach with deep fundamental research, aiming to deliver superior risk-adjusted returns whilst maintaining a consistently high-quality credit portfolio.
The Pacific Coolabah Global Active Credit Fund will invest based on three major investment principles: generating alpha from inefficiencies in liquid high-grade bonds markets; minimising idiosyncratic credit risk; and maintaining a focus on quantitative & technical dislocations.
Stewardship is central to the fund manager’s approach, emphasising a commitment to effect real change. A dedicated six-person credit research team has joint responsibility for proprietary ESG research and portfolio integration.
The fund’s reference benchmark is the Bloomberg Global Aggregate Corporate Currency Hedged Index and it will be available in the following currencies: GBP, USD, EUR, CHF, AUD, NZD and JPY.
This Fund is intended for institutional investors and for retail investors, who have received advice from a professional investment manager or investment adviser. Further information, including offer documents can be found on Pacific’s website.
Investments
The Pacific Coolabah Global Active Credit Fund aims to achieve a return in excess of global corporate bond markets by investing primarily in global investment grade corporate debt securities and government or sovereign bonds, using derivatives where appropriate.
The Fund will invest in portfolio of cash securities and bonds, including government bonds, bank bonds, corporate bonds, hybrid securities and asset-backed securities and residential-mortgage backed securities. It cannot invest in equities, property, unrated securities, high yield bonds or sub-prime loans.
The Fund uses a rigorous “bottom-up” process and seeks to identify bonds which offer a higher credit spread than the management team believe to be commensurate with the risk attached to the position. Coolabah adds-value by finding and exploiting bond mispricings in high grade credit markets that can generate capital gains or alpha in addition to the yield on these securities.
Risks
The Pacific Coolabah Global Active Credit Fund is a non-complex UCITS fund, authorised in Ireland and regulated by the Central Bank of Ireland. The Fund is actively managed. It is not a bank deposit.
All investments carry risks, including that the value of investments may vary, future returns may differ from past returns, and that your capital is not guaranteed, which can be amplified by the use of leverage.
Disclaimer: This Fund is intended for institutional investors and for retail investors, who have received advice from a professional investment manager or investment adviser.
This has been prepared by Coolabah Capital Institutional Investments Pty Ltd ABN 85 605 806 059 AFSL 482238 (CCII) to provide you with general information only. In preparing this publication, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.
Pacific Coolabah Global Active Credit is a sub-fund of Pacific Capital UCITS Funds plc, an investment company with variable capital incorporated with limited liability in Ireland with registered number 553111, established as an umbrella fund with segregated liability between sub-funds and authorised by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (as amended)).
KBA Consulting Management Limited (KBA) is the Management Company, Pacific Capital Partners Limited (PCP) is the Investment Manager and CCII is the sub-investment manager.
Neither CCII, KBA, PCP nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. The Fund is subject to investment risks, which could include delays in repayment and/or loss of income and capital invested.
Further information on the Fund, including a copy of the Prospectus, can be found on Pacific’s website.
