Trade Finance

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 characterized 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.

Securities

GML advises and/or manages securities funds which follow a liquid diversified emerging market high yield investment strategy.  The funds target returns of between 10-12% per annum in US Dollars, and aim to achieve these returns with low correlation with mainstream credit indices.  Core returns are derived from current yields on performing investments, which include diversified portfolios of emerging market bonds, loans, convertible bonds, trade finance transactions and equities.

High Yield Credit and Special Situations

GML advises high yield credit and special situations funds, which target returns in the range of 12-15% per annum in US Dollars, with low correlation with mainstream credit indices.

Portfolio diversification and hedging strategies, 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 credit market indices.