DDJ Capital Management Awarded Two High Yield Mandates by Danske Invest
WALTHAM, Mass., Dec. 20, 2013
WALTHAM, Mass., Dec. 20, 2013 /PRNewswire/ --DDJ Capital Management, LLC, an
institutional investment manager of high yield, bank loan and special
situations strategies for clients worldwide, is pleased to announce its
selection by Danske Invest, the Danish fund complex, to sub-advise on two unit
trust funds investing in high yield bonds.
Danske Invest, the fund management business owned by Danske Bank Group, one of
the largest financial enterprises in the Nordic Region, appointed DDJ as its
dedicated sub-adviser with respect to two Danske Invest Select High Yield Bond
Funds, launched in June and October, respectively. The two funds, with
combined assets currently in excess of $750 million, invest in DDJ's U.S. Core
High Yield strategy.
DDJ's U.S. Core High Yield portfolios, led by portfolio manager Joseph Lind,
seek to outperform the BB/B rated segment of the high yield bond market. The
strategy employs the firm's value-oriented, fundamental investment philosophy,
which takes advantage of DDJ's extensive experience investing throughout the
lower tiers of the credit markets.
"We are delighted that Danske Invest has chosen DDJ as its sub-adviser for
these two funds," said David Breazzano, president and chief investment officer
of DDJ Capital. "DDJ's deep-value, bottom-up approach to investing in the U.S.
high yield market is resonating with investors domestically as well as
"Danske prides itself on thorough due diligence in choosing our investment
managers, and we are pleased to have added DDJ to our expert stable of
external managers," said Robert Mikkelstrup, head of fund products at Danske
DDJ Capital manages opportunistic high yield, core high yield, senior loan,
and strategic income strategies with approximately half of the firm's current
$7 billion in assets managed on behalf of non-U.S. investors.
About Danske Invest
Danske Invest is the brand name for mutual funds managed by fund management
companies in the Danske Bank Group. Danske Invest offers a broad range of
high-quality equity and bond sub-funds to investors in the Nordic and Baltic
regions, the Republic of Ireland, Germany and Luxembourg. As of September
2013, approximately €72 billion in assets is managed under the Danske Invest
brand and distributed through more than 300 sub-funds.
About DDJ Capital Management, LLC
DDJ Capital Management is a high yield, bank loan and special situations
investment manager based in Waltham, Massachusetts. Established in 1996, DDJ
currently manages over $7 billion for institutional investors worldwide,
including corporate and government retirement funds, insurance companies,
mutual fund sponsors, endowments, foundations, and family offices. DDJ's
investment team consists of 18 investment professionals highly specialized in
the areas of credit research, legal analysis, bankruptcy law, portfolio
management, trading and business operational improvements. For more
information, please visit www.ddjcap.com.
SOURCE DDJ Capital Management, LLC
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