Wellington Management, a Boston-headquartered asset manager, today announced an exclusive partnership with Standard Chartered Private Bank to offer the firm’s Credit Total Return strategy to clients in Singapore and Hong Kong.
Standard Chartered Private Bank’s client base will have access to Wellington’s actively managed long-only cash and bond strategy managed by Connor Fitzgerald from April 2024 onwards.
The strategy invests in a global portfolio of US dollar denominated treasury, corporate, high yield, and emerging market fixed income instruments. Fitzgerald is a member of Wellington’s investment grade credit team and has over 18 years of industry experience.
The partnership offers exclusive access to Wellington’s Credit Total Return strategy to Standard Chartered private banking clients from April to May 2024 and also retail banking clients in Singapore and Hong Kong (subject to Monetary Authority of Singapore and the Securities and Futures Commission approvals, respectively) from June to August 2024.
The fund was incepted in January 2024 and has assets of $70.7m, according to its March factsheet.
“With interest rates at their highest levels since the global financial crisis, investors have a renewed appetite for fixed income investing due to the stability of returns and potential income opportunities,” said Elizabeth Chisholm (main picture), head of client group, Asia Pacific at Wellington, in a statement.
“We believe the Credit Total Return strategy will provide potential opportunities for clients to further grow their wealth while diversifying their portfolios, which is particularly attractive in today’s market environment,” added Marketa Dvorak (pictured left), head of Southeast Asia, global wealth management group at Wellington.
