Funds of Hedge Funds

Pioneer plots multi-manager portfolio to exploit opportunities in credit space


Pioneer Alternative Investments, a fund of funds with $3.2 billion under management, is planning to launch the Pioneer CreditMaster Fund, a multi-manager portfolio allocating assets across managers exploring opportunities in credit-sensitive securities.

Paolo Barbieri

The fund is being launched to take advantage of the broad-based credit rally witnessed in 2009. The dedicated thematic product will be able to explore the full spectrum of the credit space and will be able to capture investment opportunities on an opportunistic basis.

The Pioneer CreditMaster Fund, which is likely to invest in 15 to 20 underlying managers, is one