Lord, Abbett & Co. LLC ("Lord Abbett"), an independent, privately held investment management firm, announced that it has launched Passport Portfolios to provide non-U.S. institutions and non-U.S. resident investors with access to select Lord Abbett fixed income investment strategies through a suite of UCITS funds.
The strategies available include the Lord Abbett Short Duration Income Fund, the Lord Abbett High Yield Fund and the Lord Abbett Strategic Income Fund. The portfolios are listed on the Irish Stock Exchange. Arbour Partners has been appointed to support distribution of the Passport Portfolios in Europe, showcasing Lord Abbett’s suite of products to wealth managers, banks, institutional investors and investment consultants.
The firm has approximately $139 billion in assets under management (as of 3.31.14), with $92 billion in fixed income strategies. (Includes approximately $1.4 billion for which Lord Abbett provides investment models to managed account sponsors.)
For more information : lordabbett.com
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