For the past 15 years the Corporate Credit team at Absalon Capital has focused on a unique approach to global credit investing which focuses on potential opportunity and not index positioning.
The assets of Absalon Corporate Credit (“Absalon”) have been acquired by Impax Asset Management (“Impax”), the specialist asset manager investing in the transition to a more sustainable economy. Read the full press release here.
As part of the acquisition the Absalon Global High Yield and Emerging Market Corporate Debt funds have merged into Impax’s Irish UCITS umbrella, and Absalon’s portfolio management team has joined Impax. Following the merger the funds are operating as usual and have maintained their track records.
More information on Impax and its fixed income offerings can be found here.
The Corporate Credit Team was formed in 2006 and is based in Copenhagen, Denmark. The team owns 35% of the equity of their business which ensures an alignment of interests between the team and investors.
We believe in active bottom-up bond selection. We ignore index weightings and instead focus on identifying undervalued bonds irrespective of their sector or geography. Our portfolios will deviate substantially from an index orientated approach.
Historically our strategies have delivered superior returns relative to a passive or index orientated approach with significantly fewer defaults.
13 December 2022
Many fund selectors wisely focus on tracking error and maximum drawdown to assess the riskiness of a strategy relative to the benchmark. The drawback of such a narrowly focused approach to these measures, in selection, is lacking upside when markets turn.
6 September 2022
Our approach to credit investing delivers long term outperformance with high probability, but it can also improve risk-return when combined with more traditional investment styles.
