Union Bancaire Privée has added a new credit long/short manager to its Alternative UCITS platform. Global Credit Advisers (GCA) is a New-York based credit specialist that is running credit focussed strategies since 2008. The UCITS funds will aim for absolute returns via an actively managed long/short credit strategy that focuses on IG, HY and distressed corporate bonds.

Steven Hornstein’s, CIO and Co-Founder of GCA commented on launching a European version of their hedge fund strategy: “We are pleased to be partnering with UBP and their proven UCITS distribution platform. Having successfully managed our credit long/short strategy for more than 10 years, we are excited to extend the offering to the broader UCITS audience and contribute to the diverse product offering that UBP’s platform provides.”