Brain launches strategic fixed-interest fund

Former Investec fund manager Paul Brain and his team are preparing to launch a strategic fixed-interest hedge fund.

The group, now known as Partners Asset Management, formerly ran the top-performing Investec US Dollar High Income Bond fund which over three years until January 2001, was ranked first out of 130 funds in the offshore North American bond fund sector.

The Investec fund was a dynamically-managed vehicle which actively switched between different classes of debt with up to 100% allo