Mon, Mar 30, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner