Specialist fixed income manager with some $10 billion in assets under management European Credit Management (ECM), majority-owned by Wells Fargo & Co., has rolled out two new funds, Reuters reports. The ECM High Yield Fund will primarily focus on European markets and will be managed by lead portfolio manager Andre Mazzella. It targets 8 percent to10 percent returns through income and capital appreciation.
The ECM Financial Funds, which has a capacity of €500 million, will be managed by lead portfolio manager Satish Pulle, with assistance from senior analyst Robert Montague and specialist portfolio manager Andy Li. It will target European, EMEA emerging market and U.S. financial institutions.
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