YCAP Asset Management announces new distribution focus on Germany
Luxembourg-based fixed income investment boutique YCAP Asset Management has announced that it will focus its distribution on semi- institutional and institutional investors in the German market, in collaboration with fund distribution consultant accelerando associates.
YCAP Asset Management is a 100% subsidiary of YCAP Holding, which has been launched in 2011 as a result of an acquisition by the Structured Credit Asset Management team for the LBBW Luxembourg.
Accelerando associates will support the distribution to suitable semi-institutional and institutional investors in Germany and will advise YCAP with regard to institutional marketing.
Lisa Backes (pictured), managing director for YCAP Asset Management in Europe, highlights that although Luxembourg is a rather unusual location for an active investment manager: “The location provides first class infrastructure on a global level as well as the necessary tranquillity for long-term oriented initiatives.”
The YCAP boutique is currently in charge of € 1.2bn AUM, it is primarily focussed on institutional investors. It manages five funds, including three UCITS and 2 SIF funds, featuring accumulation as well as income share classes investing in corporate bonds, high yield bonds and asset backed securities.