Fund managers, Raymond Lee and Alwyn Hung, have launched Torica Capital, an experience fixed income and credit asset management group headquartered in Sydney.
Torica will manage funds on behalf of institutional, private and wholesale investors continuing their delivery of outstanding risk-adjusted returns over 20 plus years. The firm is expected to launch with $150 million in funds under management.
The company has struck a strategic partnership with ASX-listed Clime Investment Management, which will provide Torica with infrastructure and marketing support.
Chief investment officer of Torica, Mr Lee, was formerly managing director of Kapstream Capital, which grew its funds under management from $300 million to $14 billion over the 11 years he worked at the firm.
Senior portfolio manager of Torica, Alwyn Hung, has more than 20 years of experience in global fixed income and credit investments in senior roles with HSBC, ABN Amro and Mason Stevens in Australia and overseas.
Mr Lee said, “Torica is actively managing assets to capture inefficiencies in the global fixed interest and credit markets to generate strong and consistent returns, in all market conditions, for our investors. Our strategic partnership with Clime Investment Management to provide business support functions allows Torica to focus primarily on our investment strategies.
“As Torica is owned by its employees, we are aligned with the interests of our investors, who are seeking more active management of their funds in what will be a volatile environment over the coming period.”
Commenting on the announcement, the CEO of Clime Investment Management, Annick Donat said, “We are delighted to be partnering with Torica. The team’s experience and track record in the fixed income sector is a valuable addition to our investment and managed account solutions.”
