Sat, Nov 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Consilium Investment Management set to launch a Frontier Equity Fund

Monday, November 08, 2010
Opalesque Industry Update - Consilium Investment Management set to launch a Frontier Equity Fund Consilium Investment Management is pleased to announce they will be launching a Frontier Equity Fund which will offer an investment strategy similar to a separate account vehicle they manage for institutional investors.

There is little doubt that allocations to frontier emerging market equities will be beneficial to asset allocators over the next ten years and more. Superior economic growth and attractive valuations combined with diversification benefits make an investment in the asset class compelling. Just as emerging markets were the right place to be investing twenty years ago so now are the frontier markets today. Consilium Investment Management and its portfolio team have been pioneers in the space going back over fifteen years making investments in the frontier markets in both equity and debt securities in non-dedicated funds and managed accounts. Consilium has been running a dedicated managed account for some time and can demonstrate a very strong track record on top of its long dated non-dedicated experience in the asset class.

The Fund will be structured as an Irish Qualified Investor Fund ("QIF") and will be a sub-fund of an existing umbrella fund structure. The fund will have a USD$500,000 investment minimum. The fees for the new fund will be 1.50% management fee with a 15% performance fee over the MSCI Frontier Equity Index. The fund will accept monthly subscriptions and redemptions and will have a minimum 30 day notice period for redemptions.

Due to the style of investing that Consilium brings to this asset class and the types of investments they make, the fund will be closed at US$200 million.

(press release)

About Consilium Investment Management: the firm was founded in May 2004 by Managing Directors, Jonathan Binder and Charles Cassel. The firm is 100% employee owned and is registered with the SEC. The team has extensive experience managing both long-only and hedged products globally through both regulated and unregulated investment vehicles. Additionally, they have extensive experience managing strategies through multiple jurisdictions around the globe. Consilium utilizes a non-indexed rifle shot approach when making investment decisions. We incorporate our top down global macroeconomic views which are critical in defining our fundamental assessment of global risk appetite as well as indentifying opportunities at the asset class and country level. These views also drive our sector themes. These themes tend to be global top down assessments, but can be based on individual country, bottom up developments. Once our top down views are developed and an individual investment opportunity has been identified, our investment team conducts thorough bottom up fundamental analysis to determine the absolute and relative attractiveness of the investment. Our debt and equity teams are fully integrated and share investment ideas across the capital structure. Consilium's client base includes both sophisticated institutional investors and accredited individual investors. Our product offerings are available to US and offshore investors both as managed accounts and fund vehicles...Corporate website: Source
-KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout