Our Funds

Investment philosophy

The fund primarily employs convertible bonds, credit and equities when managing the Fund’s sub-strategies: Idiosyncratic Volatility, Event Driven, Relative Value Credit and Alpha Short. The strategy seeks to identify compelling long and short opportunities that may include single name convertible bonds and equities, capital structure arbitrage, and other positively asymmetric event driven opportunities. The Fund cautiously employs leverage and may use tail hedges to reduce volatility. The process is a rigorous, bottom-up, credit and capital structure focused research process built over 25 years to offer a strategy that seeks to generate an attractive absolute rate of return over a full market cycle.

Key selling points

• Advent Capital Management, founded in 1995 is recognised as a global leader in convertible bond strategies
• The firm actively manages ~$11Bn across alternative, long-only and closed-end fund strategies
• 57 employees in New York and London, including 20 seasoned investment professionals
• Renowned fundamental, bottom-up, credit and capital structure focused research process honed over 25 years and multiple market cycles
• Diminished competition and a far smaller peer group than in the pre-2009 era has led to greater market inefficiencies and a broader opportunity set for experienced specialists. Increased capital from stable long-only, long-term investors has contributed to a stronger capital base for the asset class.

Investment philosophy

The fund looks to offer non-correlated absolute returns to equity markets given its low net equity long/short approach to the under-researched, less efficient North American SMID cap market. This is achieved through a value orientated, catalyst driven approach with a specific focus on single name investments on both the long and the short book with proven alpha and returns on the short side.

Key selling points

• Specialist SMID Cap investors
• Low net exposure focused on delivering uncorrelated return stream
• Bespoke long and short investment process designed to deliver absolute returns on both sides
• Catalyst driven value bias.

Investment philosophy

A diversified short-term systematic trading strategy which is designed to deliver a return profile that is uncorrelated to equities, bonds, other risk markets and trend following CTAs, whilst exploiting periods of market volatility. The strategy provides investors with access to Crabel’s world class trading infrastructure and short-term trading experience built up over 20 years of market leading returns.

Key selling points

• World class algorithmic and execution infrastructure with co-location facilities across global futures exchanges
• Pioneer of short-term systematic trading with a track record spanning three decades
• A history of positive returns in volatile environments
• Crabel’s best thinking in the middle frequency, average 10-day hold, that is designed to be uncorrelated to Trend Following CTAs
• Flexible fee structure, encompassing flat fee or performance fee only to meet varying investor needs.

Investment philosophy

A classic medium/long term trend following CTA strategy, which has delivered an uncorrelated return profile to investors since 1974. A strategy which has been tried and tested in UCITS format from 2011, and designed to exploit market trends in more than 50 markets, spanning across all major asset classes of equities, fixed income, commodities and FX. DUNN’s research process ensures that the underlying models can easily adapt to the changing markets, focusing on risk management and reacting efficiently to market volatility.

Key selling points

• 45+ years track record
• DUNN Capital charge 0% management fee
• Top 5 UCITS trend following fund by AUM
• Dedicated to Trend Following
• 10+ years track record in UCITS
• Key research developments – designed to overcome the weaknesses of trend following, specifically reversals and non-trending environments.

Investment philosophy

The strategy employs a value-biased, sector agnostic and long/short approach, investing in all-cap equities predominantly within North America. The objective of the Fund is to achieve long-term capital appreciation. To achieve this, the Invenomic strategy adopts 3 core principles: 1) investing in fundamentally sound companies 2) disciplined short selling and 3) diversification – an essential risk management tool that allows the firm to access multiple opportunities across the spectrum of the market. Invenomic was founded in 2017 by Ali Motamed, who has developed and managed what has become the Invenomic strategy over the last 15 years.

Key selling points

• Investing in companies with strong fundamentals with a core focus on sustainable free cash flow generation, consistent earnings histories, and sensible capital deployment.
• Disciplined Short Selling – concentrating on concept stocks, deteriorating businesses and inflated valuations based on unsustainable events.
• Diversification: An essential risk management tool that allows the firm to access multiple opportunities across the spectrum of the market.
• Manager pedigree, ex-Boston Partners and Morningstar L/S Manager of the Year in 2014

Investment philosophy

The Kayne Anderson Renewable Infrastructure UCITS Fund seeks total return through a compelling combination of current income and capital appreciation. The long only strategy invests in a portfolio of renewable energy infrastructure companies that are leading the energy transition to lower emission, sustainable energy through their capital investment and business activities related to renewable energy production, storage and transmission. These companies include companies that own or operate assets used in the development, generation, production, transmission, storage and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower and geothermal power.

Key selling points

• Focus & Expertise in Energy – Kayne Anderson has been investing in the traditional energy space for more than 2 decades and in renewable energy since 2013
• Capturing a growing global opportunity with a diversified portfolio of high quality, renewable energy infrastructure companies that are innovators and market leaders
• Exposure to the transition to a lower carbon economy – Kayne Anderson incorporate ESG risks and opportunities into their investment analysis and decision-making. The portfolio provides investors with exposure to the transition to a lower-carbon economy via investments in “pure play” renewable energy focused companies and traditional energy companies transitioning to a renewable focus
• Underlying defensive real assets, long-term contracts and multi-year growth visibility

Investment philosophy

A European-focused Global Event Driven fund that is diversified across four investment sub-strategies: Merger Arbitrage, Catalyst Driven, Relative Value and Special Situations. The fund aims to deliver a strong risk adjusted return profile that is defined by a lack of correlation to both equity markets and the broader event driven group. The Mygale approach is grounded in a repeatable investment process designed to source a plethora of upside binary catalyst opportunities.

Key selling points

• A risk controlled equity focused strategy that has the ability to deliver consistent returns defined by low volatility and limited drawdowns, resulting in high Sharpe and Sortino ratios
• A return profile that aims to be uncorrelated to equity markets with the ability to protect investor capital in difficult market environments
• A differentiated approach to event driven investing based on three distinct pillars – 1) Sceptical Research 2) Robust Position Selection and 3) Active Trading designed to capture additional alpha for every position
• Preference for trades with a clear rationale and the possibility of bump catalysts or counter bids. De-emphasise trades with complex regulatory or political hurdles due to binary downside potential

Investment philosophy

Global equity long short strategy focused on financials, business services and property. Run by an experienced team, that is largely unchanged since 2009, they apply a rigorous bottom up fundamental approach to seek out a truly global portfolio of liquid, predominantly large and mid-cap alpha ideas on both the long and short side of the portfolio. The team has been able to deliver market beating returns with an average net exposure of around 40% through an approach that is generally style agnostic and adapts to the opportunities presented by different market environments.

Key selling points

• Renowned institutional UK hedge fund manager
• Experienced stable investment team, that has largely been together for a decade
• Global Financials specialists focused on the broader sector encompassing, real estate, business services, financial technology, insurance companies and banks
• Alpha seeking investment process centred on a sector that offers large dispersion and thus opportunity
• Focused bottom up approach with macro awareness.