Independent fixed-income boutique Glendevon King Asset Management (GKAM), has added a Norwegian krone class (NOK) to its new Global Bond Fund II, a sub-fund to the Glendevon King Global Fund Sicav-Siv. The boutique is anticipating that the krone, the fund’s reporting currency, will further appreciate against the dollar, euro and Swiss franc.
Yannick Naud will be managing the fund. He has been overseeing the Nordic strategy within GKAM’s existing portfolios since 2009. The Luxembourg-domiciled fund is initially targeting Nordic absolute-return credit opportunities and will be investing in bonds issued by companies based in Denmark, Norway, Sweden and Finland.
Click here for the release from Glendovon King.