Bramshill Investments has launched a new mutual fund, the Bramshill Income Performance Fund (BRMSX), which will employ an absolute return strategy that invests across various fixed income asset classes.
The decision comes in response to increased demand from large registered investment advisors (RIAs).
The Fund launched with approximately USD40 million in seed capital and invests in a tactical portfolio of income-producing credit securities, including investment grade and high-yield bonds, preferred stocks, municipal bonds and US Treasuries.
The Income Performance Fund is actively managed and will incorporate tactical hedging during various interest rate and market environments. As adviser to the Fund, Bramshill Investments uses fundamental credit and relative value analysis, focusing on securities with transparent pricing, actively-traded capital structures and high liquidity. The Fund seeks to maintain an average credit rating of investment grade and an average duration of five years.
“We are taking an important step into the publicly traded space with a new mutual fund that is designed to bring our successful credit investing expertise to a wider audience,” says Stephen Selver (pictured), CEO of Bramshill Investments. “Prior to launching the Fund, Bramshill’s strategies have only been available in the separately managed account format.”
Art DeGaetano, founder and CIO of Bramshill, has managed the firm’s tactical fixed income strategies for over seven years and serves as the Fund’s head portfolio manager.
Bramshill has also employed third party marketing firm Havener Capital Partners, which will spearhead the sales and marketing effort to the RIA marketplace.