Geneva: November 17th, 2015 - Aventicum Alternative Equities, the investment boutique focusing on European Long/Short strategies and part of Aventicum Capital Management (“Aventicum”), today announces the launch of its maiden UCITS-compliant fund.
The Aventicum UCITS - Absolute Return European Equity Fund (“the Fund”) offers international investors the opportunity to access Aventicum Alternative Equities’ existing flagship equity strategy through a UCITS ICAV onshore structure. Focusing on being invested in - rather than exposed to - equities, the strategy will adopt a fundamental bottom up approach to seek non-consensus opportunities predominantly in large- and mid-cap European equities.
Domiciled in Ireland with daily liquidity, the Fund is targeting a 10-15% annualised return with volatility of 8-10% and will be managed by the same team as that of the offshore fund. Based in Geneva, the investment team is comprised of CIO Riccardo Cavo and Portfolio Managers Andrea Buda and Barry Kelly.
Commenting on the launch of the Absolute Return European Equity Fund, Luca Mengoni, Head of Aventicum Alternative Equities, said: “As equity markets move from a recovery to a distribution phase, we see the ‘new normal’ as characterised by higher volatility and dispersion in equity returns.”
“We believe stock selection is playing an increasingly important role in driving returns, which makes our ‘diligent contrarian’ approach - looking for non-consensus changes in the key value drivers of a company - especially relevant for the current market environment.”
The UCITS variant has been launched in response to client demand from investors who are seeking to capitalise on a renewed opportunity to achieve absolute return through stock selection rather than market exposure.
Mengoni added: “As European equity specialists with over 10 years’ working together managing money and risk, the team has invested through several different market cycles and conditions. Our ability to demonstrate that we can protect investors’ capital and generate alpha, even in difficult market environments, has been a defining factor for investors looking for diversification and to avoid market gyrations.”
With the appetite for onshore UCITS-compliant products continuing to strengthen, we are pleased to enable a wider range of investors to access our strategy and investment processes.”
Notes to Editors
About Aventicum Capital Management
Aventicum Capital Management Holding (“Aventicum”) is a joint venture between Credit Suisse and the Qatar Investment Authority. It is a multi-boutique asset management business that offers a diverse range of investment solutions targeting the strategic needs of investors. Aventicum brings together the entrepreneurial talent of best-in-class investment professionals; the fiduciary oversight of Credit Suisse and long-term capital support of the Qatar Investment Authority.
About Aventicum Alternative Equities
Aventicum Alternative Equities is an independently-run alternative asset management business based in Geneva (Switzerland) and is part of the Aventicum Capital Management. Aventicum Alternative Equities currently focuses on European Long/Short equity strategies for institutional investors.
About Aventicum Emerging Markets Credit
Aventicum Emerging Markets Credit is an independently-run alternative asset management business based in London (UK) and is part of Aventicum Capital Management. Aventicum Emerging Markets Credit currently focuses on global Emerging Markets corporate debt in both the public and private segments of the asset class
About Aventicum MENA & Frontier Markets
Aventicum MENA & Frontier Markets is an independently-run alternative asset management business based in Doha (Qatar) and is part of Aventicum Capital Management. Aventicum MENA & Frontier Markets offers a core range of investment products focusing on the emerging and frontier markets of the Middle East, North Africa and Turkey.
About Aventicum Real Estate
Aventicum Real Estate is an independently-run alternative asset management business based in Zurich (Switzerland) and is part of Aventicum Capital Management. Aventicum Real Estate currently focuses on private equity non-core real estate and real estate related investments.
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