Global investment management firm AllianceBernstein has launched the AB CarVal credit opportunities fund (ABAYX), an unlisted closed-end interval fund on September 17, 2024. The company said the fund seeks to outperform high-yield bonds over time with less volatility and lower correlation to public markets. AB CarVal principal John Withrow and AB CarVal managing director Roger Newkirk will oversee day to day investment decisions, supported by AB CarVal managing principals James Ganley, Jody Gunderson, and Lucas Detor. “Given the continued evolution in credit markets, we believe this strategy offers unique diversification through a broader set of global investment opportunities,” said AB’s

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