Lisa Coleman, who manages Schroders’ €147m ($191m, £96m) Strategic Credit fund, is a cheerleader for Ucits III legislation, the new European rules that allow managers to take short positions via derivatives and to add leverage.
“It offers us so many different opportunities to manage the fund,” Ms Coleman says. “We can move the fund’s credit risk exposure down to zero or take it up to nine years. There are lots of ways to slice our portfolio now.”
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