CIP Asset Management
The CIP Asset Management Fixed Income team is a fundamentally driven, active investment manager that adopts a long-term focus. The team aims to provide diversified sources of income by seeking opportunities in both the public and private sectors, whilst maintaining capital stability.
About
CIP Asset Management (CIPAM) is part of Challenger Limited, which has been committed to providing investment solutions to clients for over 30 years. The Fixed Income business was established in 2005 to manage Challenger Life’s fixed income portfolio, and in 2010 received its first external institutional client mandate.
The Fixed Income team applies a multi-sector, relative value approach to investing which is designed for institutional investors with a long term investment horizon. Their clients benefit from the experience and market insights that the Fixed Income team has gained through the breadth and scale of its mandates.
The Fixed Income team has a long track record of delivering attractive and sustained risk-adjusted returns which can be attributed to a robust investment process centred on bottom-up fundamental credit analysis, with emphasis on structural protections to mitigate downside risk and avoiding defaults.
For more information, please visit www.cipam.com.au
Approach
The Fixed Income team’s investment philosophy is that taking a private approach to lending leads to better risk/return outcomes for clients across private and public markets. A private approach means underwriting credit risk as though you will own it – not trade it. It means actively sourcing new opportunities rather than waiting for a bank to call, and engaging with borrowers and arrangers directly to effect structural changes to transactions in order to mitigate downside risks and access better quality information. This approach involves having discipline in understanding and quantifying credit, liquidity, and complexity risk premia.
The Fixed income team takes a multi-strategy approach to credit investing, allowing for a broader opportunity set and avoiding sectors which are mispriced. The team adopts a relative value approach to investing such that cheapness and richness are considered in relative not absolute terms, both across sectors and for individual securities.
Fund
CIPAM Credit Income Fund
Strategy
The CIPAM Credit Income Fund (the Fund) maintains an investment grade credit risk profile, lending to a diverse mix of private and public borrowers. The Fund aims to provide clients with capital stability and income on a regular basis accompanied by lower levels of volatility than traditional fixed income strategies.
Suits Investors Seeking:
The Fund is suited to investors who:
- Require an investment with consistent levels of income
- Understand and are willing to accept a higher level of liquidity risk in order to generate higher returns than daily liquid fixed income products
- Have an investment horizon greater than 3 years
Benchmark
Bloomberg AusBond Bank Bill Index
Overview
1 October 2020
Inception Date
0.60 p.a%
Management Fee
Quarterly
Distribution Frequency
3 Years
Suggested Minimum Time Frame
$10,000
Minimum Investment
HOW8013AU
APIR Code
Interests in the CIPAM Credit Income Fund ARSN 620 882 055 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed Challenger Investment Partners Limited (ABN 29 092 382 842, AFSL 234 678) (CIPAM, CIP Asset Management or the investment manager) as the investment manager of the Fund.
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