Algebris Investments mandates UniCredit for distribution in Italy
Asset management boutique Algebris Investments has mandated UniCredit to distribute in Italy Algebris’ Financial Credit UCITS Fund.
The Italian bank will distrubute the fund through its private banking network.
Algebris Financial Credit UCITS Fund relies on a long only strategy and mainly invests in subordinate bonds with average duration of 2 to 5 years. It’s aimed at investors looking to achieve a 6% or plus returns.
Since its launch on September 2012 the fund has achieved a 9% performance.
UniCredit’s private banking newtork has more than 800 advisers working across 170 branches in Italy.