Lombard Odier Investment Managers has launched a target-dated high yield bond fund as short-dated debt strategies continue to gain interest from investors in the current market, Citywire Switzerland has found.
The LO Funds – High Yield 2022 fund launched on 2 October 2017 as a Luxembourg-domiciled fund and targets high yield corporate bonds denominated in EUR, USD, GBP and/or CHF.
The fund’s subscription period is open until 10 November 2017.
The launch comes within a year of the creation of the LO Funds – High Yield 2021, which was first announced in December 2016.
The short-dated 2021 high bond fund is run by the Lombard Odier trio and now has total net assets of $ 92.46 million across all share classes.
The Lombard Odier managers also co-run the LO Funds - Global BBB-BB Fndm fund, the LO Funds - Euro BBB-BB Fundamental fund and the LO Funds - Global Corporate Fndm Syst Hdg fund. This is while Zufferey oversees a host of fixed income strategies as head of the unit.