Christopher Joye's Coolabah Capital has been appointed to manage a floating-rate bond fund from Contango Asset Management. :
Christopher Joye's Coolabah Capital has been appointed to manage a floating-rate bond fund from Contango Asset Management. The Switzer Higher Yield Fund (or SHYF) will aim for 1.5% to 3% over RBA cash rate on a rolling 12-month basis. Contango Asset Management said it plans to grow the fund organically in the advised and self-directed markets. Late last year Pinnacle Investment Management bought a 25% stake in Coolabah. This valued the boutique over $116 million.