26 June 2023, The Ninety One Global Total Return Credit (GTRC) strategy has been selected by one of the UK’s largest master trusts, Cushon, for an allocation into its default investment strategy. As part of the partnership, GTRC will be added to the pension default strategy and to Cushon’s risk-rated funds and self-select options.
Managed by Jeff Boswell, Head of Alternative Credit, and Darpan Harar, Co-Portfolio Manager, GTRC is a dynamically managed diversified global credit solution which seeks an attractive yield in today’s complex market. The strategy invests across a broad range of credit markets and incorporates a comprehensive bespoke sustainability appraisal of each investment as part of its investment process. This includes a proprietary transition alignment evaluation to allow consistent appraisal of transition risk across the portfolio.
Nigel Smith, Managing Director of the UK Client Group at Ninety One: “We are active, sustainable investors, focussed on where we can make a real difference for our clients’ portfolios. With our deep experience across global credit markets, we believe our specialist expertise is a natural fit for the innovative investment solutions Cushon has created for its customers.”
Leonard Stimpfle, Head of Investment at Cushon: “The addition of this multi-asset credit mandate improves the resilience of Cushon’s existing bond sleeve by diversifying our credit and shortening our duration exposure. Integration of climate risk and sustainability assessments is key for Cushon and we believe that Ninety One’s bottom-up sustainability framework is leading in the credit space. This addition to our default investment strategy will help our members secure long-term financial growth while having a positive contribution to the transition to net zero.”