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 abroad."
"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 Invest.
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