Brown Advisory has launched a US dollar-denominated UCITS fund for its Global Sustainable Total Return Bond strategy, following the launch of the sterling-denominated Dublin UCITS version of the strategy on 1 February, taking total strategy assets to more than $100m.
The global investment manager said it took the decision to launch a completely separate fund for investors with capital in US dollars, rather than offer a US dollar share class version of the sterling fund, to help them avoid extra hedging costs. The new fund will be managed by the same team, comprising Ryan Myerberg in London, and Chris Diaz and Colby Stilson in the US, all of whom joined Brown Advisory last year after having previously worked together at Janus Capital, where they helped build its global fixed income business. Brown Advisory launches Total Return Bond strategy for gl...
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