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Strong fixed income demand drives Daintree Capital FUM

Investors’ strong demand for fixed income strategies has helped increase Daintree Capital achieve a milestone for its funds under management (FUM) at $200 million.

The firm said the strong demand for income-producing strategies in a low interest rate environment led to a hunt for yield across asset classes, particularly from retirees and other conservative investors who traditionally relied on term deposits for their income.

“With record low interest rates likely to persist, investors are increasingly looking to meet their income needs from a flexible, total return-focused strategy with strict risk limits,” Justin Tyler, Daintree’s director and portfolio manager – interest rates and currency, said.

Mark Mitchell, Daintree’s managing director and portfolio manager of credit, stressed that thanks to being a global unconstrained fixed income manager, his firm could position itself successfully on either side of rising or falling markets.

“Our primary goal is to deliver reliable income streams and capital stability regardless of market conditions,” he said.

The Daintree Core Income Trust, was one of the three finalists in the Emerging Manager category in the Money Management’s 2019 Fund Manager Awards.

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