NCRAM is based in New York and has specialized in the management of high yield bonds for more than 20 years. Managed on a team basis, NCRAM\u2019s approach is opportunistic \u2013 seeking to capture credit market returns while minimizing losses. NCRAM\u2019s assets under management are $14.7
\nbillion as of October 31, 2014.<\/p>\n
The investment objective of the Nomura High Yield Fund (the \u201cFund\u201d) is to achieve current yield and capital growth. David Crall, Chief Investment Officer for NCRAM, said \u201cOur investment philosophy for the Prior to existing as the Nomura High Yield Fund, the Fund previously operated as the High Yield The Investment Adviser for the Fund is Nomura Asset Management U.S.A. Inc., the Sub-Adviser Nomura Asset Management U.S.A. Inc. (\u201cNomura\u201d), today announces the launch of the Nomura High Yield Fund. The Nomura High Yield Fund (Ticker: NPHIX) is sub-advised by the credit research investment boutique Nomura Corporate Research and Asset Management Inc. (\u201cNCRAM\u201d). <\/p>\n","protected":false},"author":20,"featured_media":38812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1655,1856,1859,1681,1711,1437,1691,1952,1787],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/38814"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=38814"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/38814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/38812"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=38814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=38814"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=38814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nUnder normal circumstances, the Fund invests at least 80% of its net assets,
\nplus any borrowings for investment purposes, in a portfolio of high yield bonds generally rated
\nbelow investment grade by Moody\u2019s Investors Services Inc., Standard & Poor\u2019s Rating Services
\nor Fitch, Inc.<\/quote><\/p>\n
\nNomura High Yield Fund is based upon our belief that a total return investment approach driven
\nby credit research is the best way to generate excess return in a high yield market. The Fund
\nwill operate a long-only strategy using our \u2018Strong Horse\u2019 investment philosophy. NCRAM
\nbelieves that \u2018Strong Horse\u2019 companies can carry their debt loads through different economic
\ncycles and can demonstrate the ability to generate strong, sustainable cash flow which enables
\nthem to de-lever their balance sheets and improve their ratings.\u201d<\/em><\/p>\n
\nFund, a series of Nomura Partners Funds, Inc. which was reorganized into the Fund. The result
\nof the reorganization meant that all of the assets of the previous fund were transferred into the
\nFund, launched today. Additionally, all Class A, Class C and Class I shareholders of the
\nprevious fund were issued Class I shares of the Fund. Finally, following the reorganization, the
\nprevious High Yield Fund operated by Nomura Partners Funds, Inc. was completely liquidated,
\ndissolved and terminated.<\/p>\n
\nis NCRAM, and the distributor is SEI Investments Distribution Co. To purchase shares of the
\nFund for the first time, investors must invest at least $250,000.<\/p>\n","protected":false},"excerpt":{"rendered":"