Geneva-based Lombard Odier’s asset management arm has made its inaugural entry into the Taiwanese market with the successful registration of a bond strategy.
Lombard Odier Investment Managers (LOIM) has launched its Asia Value Bond strategy in Taiwan, according to a statement, marking the Swiss asset manager’s inaugural entry into the market. The strategy involves an investment grade, high-yield portfolio of approximately 260 holdings with an average credit rating of around BBB-.
Navigate Investment Consultant has been appointed by LOIM as its master agent, an entity for the distribution of offshore funds that is required by Taiwanese regulations.
«We are pleased to bring the Asia Value Bond strategy to Taiwan at a time when we are approaching peak Fed rates and with Asian credit at an unseen high all-in yield opportunity,» said LOIM head of fixed income Dhiraj Bajaj.
Taiwan Presence
Lombard Odier has been present in Asia Pacific for over 35 years and it has an ecosystem of strategic alliances in major markets in the region. Within Taiwan, it has an existing banking tie-up with Taipei Fubon Bank.
«Taiwan is a strategically important market for Lombard Odier and we believe there is a significant opportunity to expand our footprint in the region as an asset manager,» said Vincent Magnenat, limited partner, Asia regional head, and global head of strategic alliances at Lombard Odier.
«We will work closely with Navigate Investment Consultant as a key partner in Taiwan, as we position our Asia Value Bond strategy and subsequent [LOIM] strategies with new client audiences in this market.»
