Leveraged credit specialist Eaton Vance has launched a multi-asset credit fund that will invest in global sub-investment-grade credit.The fund is an Irish-domiciled qualifying investor alternative investment fund that complies with the Alternative Investment Fund Managers Directive.It will target higher-yielding credit assets, including global high-yield bonds and floating-rate loans, while up to 40% of its assets may be allocated to “opportunistic and risk-reducing fixed income asset classes”, according to the $318.7bn (€281.2bn) asset manager.The fund is available to investors in the UK and Ireland, and is due to be registered in other jurisdictions, too. In other news, Willis Towers Watson (WTW) has launched an equity fund for institutional investors that follows five other pooled funds, including a diversified multi-asset fund.The fund comprises the top 10-15 stock picks from eight top-rated investment managers, with risk managed at the portfolio level.The other four pooled funds followed by the fund are two liquid alternative funds and an alternative credit fund.Together, the six pooled funds have assets under management of around $5bn (€4.4bn).David Shapiro, portfolio manager of WTW’s Global Equity Focus Fund, said the consultancy “would assert that this high active share fund, offered at such a competitive price, is a world first”.
David Luiz is a doubt for Chelsea’s Champions League semi-final first leg against Barcelona, Roberto Di Matteo has confirmed.Luiz picked up a hamstring injury during the Wembley victory over Tottenham and looks like he will miss Wednesday’s game at Stamford Bridge.Interim boss Di Matteo said: “We picked up some bruises and niggles. It’s a matter of assessing the team tomorrow to see who’s fit and available for the next game.AdChoices广告“It’s very demanding for us at the moment with all the games, but we’re pleased that we can play in two Champions League semi-finals and an FA Cup final.”Defender Branislav Ivanovic, who is serving a domestic ban, is available to face Barca.Click here for the Chelsea v Tottenham quizSee also: Controversial Mata goal helps Blues thrash Tottenham to reach FA Cup finalFollow West London Sport on TwitterFind us on Facebook
Veteran golfers; Munaf Arjune, Clifford Reis and Aasrodeen Shaw starred in Wednesday’s well-attended Annual Crown Mining Supply (CMS) Golf Tournament which teed off at 09:30h at the Lusignan Golf Club (LGC) East Coast Demerara.Winners, players, and family members of the Crown Mining Supplies Company after the tournament on Wednesday at the LGCArjune is no stranger to the winners row and continues his good form by taking away the first place prize in the ‘A’ or Championship flight from the other veterans in that group.The Flights Tournament allows golfers to emerge as winners in their Flight, when they would not normally score wins in the Medal Play format. Reis, for example, who has won his Flight for the second time in two months, expressed his delight and preference for the Flights system that allowed him to excel in his group. For this CMS Tournament the first and second net places were awarded prizes in each Flight.The Championship Flight saw keen contest between Munaf, Nazeem “Papo” Haniff and Avinash Persaud, the reigning Guyana Open champion. But the scores declared in the end saw Arjune 73/8 in first place followed by Haniff 74/7 in second and Persaud 75/3 in third.In the ‘B’ or 10 – 18 handicap Flight, Club Treasurer Shaw carted off the trophy with an emphatic win over the competitors.Winners of the ‘B’ Flight were: Shaw 67/16 and Bridgelall Harry 69/18 in second place. Since the competition in this Flight was so keen, honourable mention is given to Lekhnarine Shivraj 70/17; Roy Cummings 71/13; Ayube Subhan 72/17; Lakeram Ramsundar 73/13 and Patrick Prashad 74/10.In the ‘C’ or 19 – 28 handicap Flight, veteran Clifford Reis was the undisputed winner. Scores were: first place Reis 72/26 and second Guillermo Escarraga, winner of last Saturday’s Hospitality Tournament. Mark Lashley placed third with 80/24.The fascinating brand new Parsun Outboard Engine was not won, but Roy Cummings defied CMS Executive Max Persaud’s dare and won the Longest Drive competition with an approximately 288 feet drive. Nearest to The Pin (some 3 feet), was won by Bholawram Deo. The Best Gross (78) was won by Persaud.CMS Managing Director Patanjalee ‘Pur’ Persaud participated, but with the mental demands for ensuring the day’s Tournament was a great one, he could not deliver his normal good performance, (as may well have also been the case with Max Persaud.) However, ‘Pur’ expressed extreme gratitude for the golfers being present in such good numbers to support their sponsorship, and looked forward to CMS continuing to contribute to the development of the sport and the club.