EM High Yield Bonds Fund

Fund Description

Fund Manager

Ruslan Patlavsky

CIO, Managing Director

In a world of compressed spreads and maturing credit cycles, our Emerging Market High-Yield strategy targets compelling income opportunities in regions often overlooked by mainstream allocators. We seek value in smaller, less liquid issuers across EM and frontier markets—where inefficiencies remain prevalent and pricing often fails to reflect improving fundamentals.

Investment Objective:
Deliver long-term capital growth through high-yield, sub-investment-grade credit exposure
Liquidity:
No lock-up; quarterly subscriptions and monthly redemptions
Benchmark:
Bloomberg Global High Yield Index (USD hedged)
Recommended Holding Period:
5 years

Key Characteristics:

  • Publicly listed corporate and sovereign bonds
  • Focus on smaller, underfollowed issuers often ignored by large managers
  • Emphasis on income generation with opportunistic capital gains
  • Exposure primarily to Africa, Latin America, and Central & Eastern Europe

Investments in the fund are restricted to professional and well-informed investors and are subject to a minimum initial investment of €125,000.

PERFORMANCE OF THE SHARES IS NOT GUARANTEED, AND PAST RESULTS ARE NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE. RETURNS MAY FLUCTUATE AND CAN BE AFFECTED BY MOVEMENTS IN EXCHANGE RATES. THE FUND IS EXTERNALLY MANAGED BY BLACKBEARD ASSET MANAGEMENT LTD, AN ALTERNATIVE INVESTMENT FUND MANAGER AUTHORISED AND REGULATED BY THE CYPRUS SECURITIES AND EXCHANGE COMMISSION.