Abaci Investment Management, a London boutique run by former
TRI Asset Management portfolio manager Zaman Khan, has made its
value-oriented credit strategy available to outside investors
for the first time.
The firm was set up in 2008 and has been running the
strategy in the form of a single-investor fund for a Benelux
family office. It has now been ported to a pooled fund
structure, the Capital Structure Globus Fund, which went live
on 1 July.
As its name would suggest, the fund invests globally and
across the capital structure. The strategy was devised in the
immediate aftermath of the Lehman Brothers collapse, and
represents a 'back-to-basics' approach to credit investing,
says Khan. It uses...