BlueBay reports 41% rise in assets under management

Credit specialist BlueBay Asset Management recorded a 41% increase in assets under management in the past year, according to its annual results published today, taking the total to just over $34 billion. The London-based firm saw the biggest increase in investment grade credit funds, with a $7.5 billion rise, with a smaller increase in emerging market assets.

There was a decline in the BlueBay’s high yield and distressed assets under management, largely driven by the BlueBay Value Recovery Fund, where cash was returned to investors. BlueBay says it plans to launch a new global high yield bond fund by the end of this year.