last week unveiled
the Credit Absolute Return fund
, which will bet on a range of credit sectors, including investment-grade and high-yield corporates, bank loans, convertibles, municipals, and emerging-markets credit, Morningstar reports
The new offering is PMed by Mark Kiesel
, the current PM of the $6 billion PIMCO Investment Grade Corporate Bond
since late 2002. It sports a 90 basis points manage fee for the institutional class and 100 basis points for Class P.
Stay ahead of the news ... Sign up for our email alerts now