Fixed Income Specialist East Coast Asset Management Enters US Market

East Coast Asset Management, a North American investment-grade credit specialist with $1.8 billion in assets under management, announced its expansion into the U.S. market through a new investment vehicle based on its long-established offshore strategy.

The Cayman Islands-based firm, which has provided investment services to Canadian institutional and individual investors for over a decade, is now bringing its strategy to U.S. investment consultants, institutional investors, registered investment advisors, family offices, and high-net-worth individuals.

The firm’s actively managed fixed income credit strategy prioritizes capital preservation and maximizing risk-adjusted returns through a core credit portfolio, relative value opportunities, and active trading.

“We believe the isolation of credit spreads creates a compelling diversification benefit and return opportunity for investors. By hedging the interest rate component of corporate bonds, we aim to protect investors from capital losses caused by rising rates,” said Mike MacBain, founder, CEO and CIO of East Coast Asset Management.

To expand in the U.S. market, the firm also announced it has formed a strategic partnership with Boston-based Eolas Capital to assist with market strategy and serve as its distribution team.

MacBain, a former president of TD Securities with over 30 years of industry experience, founded East Coast Asset Management in 2019 to implement the investment-grade credit strategy he previously utilized as the CEO and CIO of East Coast Fund Management Inc. in Toronto.

Eolas Capital, founded in 2021 by Des Mac Intyre and Channel Capital, manages over $20 billion and specializes in supporting boutique U.S. asset managers, incubating new managers, and facilitating the entry of non-U.S. asset managers into the American market.