Melbourne-based boutique manager Yarra Capital Management recently opened its absolute credit strategy to wholesale and high-net-worth investors. : Melbourne-based boutique manager Yarra Capital Management recently opened its absolute credit strategy to wholesale and high-net-worth investors. The Yarra Absolute Credit Fund was previously available to institutional investors but new demand from the wholesale market has driven its direction. Fund portfolio manager Phil Strano, who joined Yarra Capital in May 2017 from Victorian Funds Management Corporation, said investors were seeking access to a floating rate and absolute return credit portfolio in a fund format.