PVE UCITS Awarded by The Hedgefund Journal
On 13 April, PVE Capital’s Credit Value UCITS was awarded for the second year in a row for performance. It was awarded for the Corporate Credit Strategy Under $100 Million Best Performer over a 2 year period.
The UCITS was up 6.08% in 2015 and 11.98% in 2014. The absolute return UCITS aims to generate value across the credit cycle investing in high-quality liquid corporate and financial bonds. The fund’s team use relative value and fundamental analysis in their approach to bond selection whilst also taking macro-related factors such as geography, sector, duration and currency into consideration.
This article addresses the upcoming opportunity PVE sees in the Italian NPL market heading into 2017.
Gennaro Pucci, CIO and founder of European credit-focused manager PVE Capital, analyses Italy’s current economic woes and the evolving interest in NPLs