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$41bn firm brings bond funds to South Africa and the UAE

The funds keep a globally diversified portfolio of primarily sovereign debt or debt-like securities and currencies.

$41bn firm brings bond funds to South Africa and the UAE

UK-headquartered Colchester Global Investors has registered two bond funds in South Africa and the UAE. 

The Global Bond fund and the Local Markets Bond fund are globally diversified portfolios, comprising of sovereign debt or debt-like securities and currencies.

Paul Allen, the $41bn firm’s global head of marketing and client services, said the funds were ready for distribution in the territories. 

‘The Middle East and Africa is a prized and meaningful part of our global business. Now with our new office here in UAE, we intend to deepen those strong institutional client relationships and bring our specialist fixed income focus to the broader market,’ Allen said. 

Allen relocated from Singapore to Dubai, after Colchester expanded into the Middle East last year. The firm serves government and corporate-related entities, pension funds and family offices in the Middle East and Africa.

The freshly-registered funds are managed by CEO and deputy CIO Keith Lloyd and chairman and CIO Ian Sims.

Colchester’s global bond fund has returned 12% in US dollar terms, while its local markets bond fund returned 0.8% in the three years ending 31 August, Citywire data show. 

They outstripped their sector averages by 6.9% and 1.5% respectively, over the three-year period. 

However, in one-year timeframe, the global bond fund returned 8% and outperformed the global bond sector average of 5.9%.

But the local markets bond fund returned 1% and underperformed the emerging markets global local currency sector average, that was 2.1%. 

Colchester, which was founded in 1999, has a singular focus on global sovereign bonds. The London-based firm has offices in New York, Singapore, Sydney and Dubai.

It has four core strategies, namely global sovereign bonds, global inflation-linked bonds, emerging market debt, and an alpha programme. 

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Ian Sims
Ian Sims Average Total Return:
11.32%
16/26 in Bonds - Global (Performance over 3 years)
Keith Lloyd
Keith Lloyd Average Total Return:
11.32%
15/26 in Bonds - Global (Performance over 3 years)
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