Financial Standard: Coolabah to manage Contango fund

Christopher Joye’s Coolabah Capital has been appointed to manage a floating-rate bond fund from Associate Global Partners.

The Switzer Higher Yield Fund (or SHYF) will aim for 1.5% to 3% over RBA cash rate on a rolling 12-month basis writes Kanika Sood at Financial Standard.

The fund will hold at least 25 securities, with a focus on liquidity and low volatility.

The initial offer runs from today to December 18. It will list on the exchange via Chi-X.

Associate Global Partners said it plans to grow the fund organically in the advised and self-directed markets.

Read the full article here.

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