Yarra Capital Management today announced the launch of its Yarra Absolute Credit Fund for institutional, wholesale and high net worth investors, extending the reach of the strategy which recently became available to the Firm’s institutional clients.

Harnessing the Firm’s Australian fundamental research capabilities across the equities and credit landscape, the Fund seeks to earn higher returns than traditional fixed income by investing in a highly diversified floating rate portfolio of listed and unlisted Australian and New Zealand domiciled credit securities across multi-sectors.

The Fund is led by Portfolio Manager Phil Strano, who joined Yarra Capital Management in May 2017 from Victorian Funds Management Corporation, where he successfully ran a similar portfolio since 2010. Strano is supported by a five-person fixed income team overseen by Head of Australian Fixed Income Roy Keenan.

Commenting on the Fund launch, Strano said:

“We are really pleased to be launching the Yarra Absolute Credit Fund, following the positive feedback we’ve received from institutional and high net worth investors seeking access to a floating rate and absolute return credit portfolio in a fund format.

“Yarra’s proven investment processes combined with its broader Australian fundamental research capabilities uniquely positions the Firm to take advantage of market mispricing across multi sectors, including unlisted debt, where declining bank participation continues to increase opportunities for institutional investors.”

Keenan added:

“We are excited to bring the Yarra Absolute Credit Fund to market. The strategy has a $1.5 trillion opportunity set and offers access to a proven investment approach, delivered by an investment team which is uniquely positioned to exploit opportunities in Australian corporate credit.”