Geneva Capital Partners European High Yield Credit Fund Opens To Institutional Investors
Steven Behr, CEO of London-based Geneva Capital Partners and previously the former head of RBS' Principal Strategies team - which ran approx. $10bn at its peak - is back in the market with a new fund, according to a source familiar with Behr's plans. The firm's European high yield credit fund launched back in April with private money but is now opening up to institutional investors. Behr has been running the strategy with his own money since founding Geneva in 2013.
"European high yield credit should provide plenty of opportunities for alpha generation in the medium to long term. This is because prevailing low interest rates has resulted in a record low default environment that supports long-term carry trades, allowing for sustainable good risk-adjusted returns. We also do not see significant interest rate hikes in the short to medium term, as although, inflation may linger, we take this stance due to the economic fallout that rate hikes would incur", Behr told AlphaWeek when approached for comment.
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