BCB Asset Management expands investment offerings
Bermuda Commercial Bank (BCB) has announced it has partnered with Muzinich & Co to expand the asset management solutions it offers.Muzinich & Co is a global institutional investment manager specialising in corporate credit strategies dedicated to generating income and long-term capital appreciation with limited volatility.Headquartered in New York, and with offices in London, Cologne and Paris, the firm has more than $18 billion in assets under management and a 20-year track record successfully managing a variety of credit strategies.Lola Myshketa, the head of BCB asset management, says she’s pleased about the new relationship.“We are so excited to add Muzinich’s high yield talent and capabilities to our platform of solid investment solutions for institutional and high net worth individuals in Bermuda,” Ms Myshketa said. “We have performed a thorough due diligence review to identify a long term, highly accomplished business partner and we believe Muzinich’s strong record of risk-adjusted return is an ideal fit given the income needs and low risk tolerance of investors these days.”Ms Myshketa says the BCB Bond Fund, an actively managed diversified portfolio of investment grade global bonds, combined with the Muzinich US High Yield Funds, allows BCB to now offer a spectrum of investment solutions for clients looking for good returns in this extended period of low interest rates.“BCB Asset Management is committed to bringing handpicked, tailored solutions to our clients,” said Horst Finkbeiner, director & COO of BCB. “Our open architecture platform allows us to help our clients choose investment options that uniquely suit them. Muzinich’s core values are completely in line with our investment philosophy and we can say with confidence we have found a valuable business partner.”“We are delighted to be partnering with BCB asset management and to participate in its investment solutions platform,” said Yasmin Ibrahim, director of marketing and client services at Muzinich & Co., Inc. “We fully share BCB’s value commitment to provide investors with attractive, risk-adjusted returns.”