Fixed income launch is third in Crescendo range

Threadneedle Investments has launched a third hedge fund in its Crescendo series ' a fixed income hedge portfolio run by the firm's head of fixed income, Robert Stirling.

Domiciled in the Cayman Islands Crescendo Credit joins the Crescendo UK and European-focused portfolios and will invest in fixed income securities and related derivatives in a combination of investment-grade, emerging market and high yield debt.

The fund started with about $20m seed capital and offers both dollar and euro share c