Luxembourg-based investment firm TreeTop Asset Management has slightly amended the investment policy of the TreeTop Convertible International fund, InvestmentEurope has learned.
The company’s flagship fund, that is mainly invested in convertible bonds and fixed income, can now invest up to 10% of its net assets in external funds.
The change is effective since 1 July 2018 on the TreeTop Convertible International fund, run by Jacques Berghmans.
Its assets under management amounted to €377m as of end May 2018. Around half of the portfolio (49.3%) was invested in securities from the Asia-Pacific region at the same date.