Lemanik Active Short Term Credit

Emanuele Gerletti is a portfolio manager specialising in fixed income, with a strong focus on credit selection and high-yield markets. He has over 15 years’ experience in the financial markets and in managing bond portfolios.

From 2011 to 2026, he worked at Swan Asset Management, where he was responsible for managing fixed-income strategies, specialising in particular in short-term corporate bonds and high-yield credit. His investment approach combines a rigorous fundamental analysis process with disciplined portfolio construction, placing particular emphasis on issuer selection, liquidity and protection against capital loss risks.

Before joining Swan, he gained experience at Credit Suisse in 2011 and Société Générale in 2009. He holds a Master’s degree in the Economics of Financial Institutions and Markets from Bocconi University and has been a CFA Charterholder since 2014.

Francesco Vicino is a portfolio manager specialising in fixed income, with a strong focus on credit selection and short-duration high-yield markets. He has around 20 years’ experience in the financial markets and in managing bond portfolios.

From 2009 to 2026, he worked at Swan Asset Management, where he gained significant experience in managing bond funds, specialising in particular in the short-term corporate and high-yield credit segments.

His investment approach combines a rigorous process of fundamental credit analysis with disciplined portfolio construction, placing particular emphasis on issuer selection, relative value opportunities, liquidity and risk management.

Before joining Swan, he gained experience at Nuverse Advisors LLC and Reckitt Benckiser. He holds a Master’s degree in Management, Finance and Control from Bocconi University.