Goodhart Partners, a multimanager firm, hired Concerto Asset Management to run a €60 million ($77 million) long-short corporate credit strategy as part of an absolute-return bond fund, said Julie Bouhuys, founder and CEO of Concerto.
The credit alpha strategy will form part of Goodhart’s Target Return Fund.
The strategy managed by Concerto targets the returns of a long high-yield bond strategy, but with lower market risks and reduced volatility, Ms. Bouhuys said.
Paul Lavin, partner and fund manager at Goodhart, could not be reached by press time for further information about the fund.
