TriAlpha launches corporate bond fund

TriAlpha Investment Advisors is launching a corporate bond fund, targeting 6% to 8% return per annum.

The Jersey-domiciled vehicle can invest across the corporate bond spectrum and aims for less than 4% annual volatility.

It will be run on an absolute return basis, looking to maximize risk adjusted returns and hopes to launch with between US$80m and $100m.

Fund manager Steve O'Hanlon says: "Current market conditions have thrown up numerous opportunities within the credit markets.

"Through in-depth credit research, we have been able to identify cash rich, well financed corporations with minimal default risk at attractive yields.

"Appealing opportunities will ultimately work their way down the credit spectrum as global deleveraging and efforts to stabilise the banking system continue."

The Global Credit Fund requires a minimum investment of between $125,000 and $5m depending on the class of share bought.

The annual management charge varies from 0.5% to 1.25%. TIA is the investment adviser arm of Jersey-based TriAlpha Asset Management Holdings.