Alternative credit manager CIP Asset Management has stepped into the retail fixed-income segment, with the launch of a new fund.
CIP Asset Management (CIPAM) was formerly known as Challenger Investment Partners before it rebranded earlier this year.
Its new Credit Income rate is a floating rate, multisector credit strategy, investing across both public and private debt markets.
Pete Robinson, head of investment strategy for the CIPAM fixed-income team reported the firm was excited to bring its approach to retail investors.
“We have been managing fixed income investments on behalf of some of Australia’s and the world’s most sophisticated institutional investors for more than 15 years, and we’re excited to offer that expertise and investment mindset to a broader range of investors,” Mr Robinson said.
“In addition, we offer investors a robust governance framework, including an independent credit risk management team within the Challenger Group. This governance framework is key in private lending markets, ensuring our clients have confidence that they are being appropriately compensated for the risks in their portfolios.”
CIPAM manages more than $20 billion on behalf of its sophisticated client base, including pension funds, insurers, banks, government agencies and sovereign wealth funds.
It sits under the Fidante Partners multi-boutique brand, a Challenger investment management business.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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