GML advises and/or manages a series of trade finance investment funds invested in commodity, import, pre-export and project finance transactions in emerging markets. These trade finance investment funds provide sophisticated institutional investors with access to highly-diversified exposure to the trade finance asset class.
Because of the nature and structure of trade finance transactions, performance of GML-advised and managed trade finance investment funds is characterised by low price volatility, negligible interest rate and duration risk, limited and/or mitigated credit risk, and low correlation of returns with other asset classes.
GML sub-advises a high yield securities fund, with GML selecting securities that provide the fund with exposure to short duration, emerging market high yield securities. Core returns are derived from current yields on performing investments, which include diversified positions in emerging market bonds, loans and convertible bonds.
High Yield Credit and Special Situations
GML manages high yield credit and special situations funds, which target returns in the range of 10-15% per annum in US Dollars, with low correlation with mainstream credit indices.
Portfolio diversification and a focus on secured loans are used to reduce risk and/or maximise recoveries. The special situation nature of certain investments reduces the funds’ correlation with mainstream emerging market credit indices.