Industry Updates

Consilium Investment Management set to launch a Frontier Equity Fund

Monday, November 08, 2010

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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

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