Demand for bank loans is growing as investors look for hedges against inflation and rising interest rates. The asset’s steady performance in the last two decades also helps to increase its appeal.
The Boston-based fund house is set to ramp up its business in the city-state, as it is doing elsewhere in Asia-Pacific, including out of its new Australia office.
The US asset manager has hired Rob White from Banquo Credit Management to run its new regional office in Singapore.
The $24 billion alternative fixed-income manager sees beleaguered companies losing their window to refinance; but CIO Mark Okada says bearishness on the euro is overdone.