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Algebris launches Macro Credit Fund strategy designed for a world of negative rates

Algebris Investments (UK) LLP, a leading global asset management firm, is launching a Macro Credit Fund, managed by Head of Macro Strategies and Partner Alberto Gallo. The Fund will start trading on Tuesday, 19 July.

Credit markets are at a multi-decade turning point. Private debt has outgrown GDP by four times since the 1960s, sustained by loose monetary policy. Yet monetary easing is becoming increasingly ineffective and is generating several collateral effects, including asset bubbles, resource misallocation and rising inequality. The result is a world of negative rates, reduced trading liquidity and increased economic and political volatility. To survive this volatility, diversification and flexibility are paramount. At the same time, investors have few options left to find positive returns in this world of QE-infinity.