Reyl AM boosts fixed income expertise for fund launches
Swiss financiers Reyl Asset Management have appointed Gilles Pradère from Calyon in London as a senior fund manager in fixed income, as it plans to expand its absolute return range.
The asset manager said Pradère (pictured) specialises in relative-value and global macro non-directional strategies, and “will enable Reyl Asset Management to broaden its fixed income offering”with Ucits IV products.
Its bond funds Reyl Quality Bond and Reyl Diversified Income are tilted more towards total return objectives.
Stéphane Decrauzat, head of fixed income at Reyl Asset Management. “The fixed income investment space is facing new challenges. Clearly, bonds and other fixed income products will remain a key asset class, but the ways in which returns are extracted will need to evolve.”
He added the best opportunities over the coming years would be in corporate and convertible bonds and “strategies that are uncorrelated from market trends”.
Rely & Cie, Reyl AM’s parent company, is already planning other expansion in fixed income for Reyl AM, by launching a fund primarily investing in the external debt of borrowers from the sub-continent, Middle East, Asia and North Africa.
This fund will focus mainly on investment grade and ‘cross over’ paper, but will also be able to invest in higher quality, high yield and special situations.
Pradère began his career in 1990 at BNP Paribas managing fixed income arbitrage activities, before joining Pictet Asset Management in 2001 as a senior investment manager responsible for euro and dollar investments and global bonds.
After this, he joined Calyon in London to develop its fixed income proprietary trading activities.