Trade Finance

GML has historically advised and/or managed a series of trade finance investment funds invested in commodity, import, pre-export and project finance transactions in emerging markets. Through its joint venture, created in partnership with Eastern and Southern African Trade and Development Bank, GML sub-advised a strategy investing in trade finance involving Eastern and Southern Africa region. This strategy provided sophisticated institutional investors with access to highly-diversified exposure to the trade finance asset class.

Without mitigating the high-risk nature of Emerging Market investments, because of the nature and structure of trade finance transactions, performance of GML sub-advised trade finance strategy is characterised by low price volatility, negligible interest rate and duration risk, limited and /or mitigated credit risk, and low correlation of returns with other Emerging Market asset classes.

High Yield Credit and Special Situations

GML manages high yield credit and special situations funds, which target returns in the range of 8-12% per annum in US Dollars, with low correlation with mainstream credit indices.

Portfolio diversification and a focus on secured loans are used to reduce risk and/or maximise recoveries. The special situation nature of certain investments reduces the funds’ correlation with mainstream emerging market credit indices.