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Swiss-affiliated credit boutique launches global HY fund

Swiss-affiliated credit boutique launches global HY fund

London-based credit boutique Green Ash Partners has launched global high yield credit fund, Citywire Switzerland can reveal.

The UK firm is part owned by Zug-based asset and wealth manager Woodman Group.

Green Ash entered into a strategic partnership with the Swiss firm in early 2017 and covers liquid credit strategies for the group.

The new strategy, the Green Ash Global High Yield fund, will be managed by managing partners and co-CIOs of the firm Miles Cohen and Nick Freeman.

The fund's investment approach is based on a similar mandate launched in 2011. It will invest in 50-100 names across developed market high yield space, as well as hard currency emerging markets debt and subordinated bank debt.

Commenting on the cooperation, Cohen said: ‘We are very excited about our partnership with the Woodman Group. It allows us to continue to operate on an independent basis as well as broadening our reach to investors with this new high yield bond fund.'

Daniel Aaxman, CEO and founder of Woodman Asset Management, added: 'Green Ash is the perfect fit to complete our offering of a complete spectrum of investment solutions, ranging from equity, fixed income, and currencies, in addition to our illiquid strategies.’

The new fund is currently registered for sale in Luxembourg, while registrations in the UK and Switzerland will follow shortly.

As revealed to Citywire Switzerland in the September 2016 cover profile, Woodman Aaset Management is offering four liquid pillars: forex, credit, equities and multi-asset sectors.

The multi-asset solution Woodman Core fund was launched in a Ucits format in January 2016. This was followed in September with the launch of the Woodman Global Currencies fund.

The firm also launched a European small- and mid-cap equity fund managed by Pascal Beouf – a Swiss fund manager who joined hte firm from UBS.

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