Tue, Nov 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Creo Capital joins Vulpes Group

Monday, February 20, 2012
Vulpes is pleased to confirm the addition of Creo Capital and the appointment of Paul Cuthbert-­Brown as a Partner in Vulpes Investment Management. Creo Capital is an alternative investment fund company now focused on German real estate and providing investors with the opportunity for significant recurring cash dividends and exposure to the German economy. Summary of Creo European Investments Ltd:
  • Multi investor or bespoke managed property fund
  • Investment in real assets paying significant dividends in a tax efficient way
  • Exposure to the strongest economy in the Euro area through real assets.

A typical recent transaction was the acquisition of a portfolio of apartments in two locations outside Berlin. The average cost was around €420 per square meter (US$39 per square foot). The initial gross yield is around 11%. Net after tax cash return to investors (payable monthly, quarterly, or annually), is expected to be 7% per annum and overall after tax return on capital (before achieving any capital gain) is expected to exceed 10% per annum net of all fees and expenses.

Paul Cuthbert-­Brown has nearly 25 years experience in financial markets. He co-­founded alternative asset manager Creo Capital in 2004. He has spent the past 3 years focused on acquiring German properties and building a network of partners and advisers in the country.

Padraig Seif also joins from Creo. He is a qualified German and English lawyer. Prior to joining Creo, Padraig was a lawyer with Taylor & Co., Norton Rose and Mayer Brown. “We are very pleased Paul and Padraig have joined us at Vulpes. They bring a wealth of experience and expertise in finding, structuring and managing German property for the overseas investor. As a value investor I have often been sceptical about property investment, but German property is an exceptionally attractive proposition at present. The recent acquisition managed by Creo brings our portfolio of German Real Estate to over 350 apartments.” said Stephen Diggle, Founder.

“ Creo Capital is delighted to be joining the Vulpes group. Stephen and I have been friends since we worked together when I first moved to Asia in 1995. I am incredibly excited to be working with him again; and to be joining the Vulpes team. Stephen and I share a view about the deep value available today in German property. We both have committed significant amounts of our own money to this investment idea. Now, we are launching our new German property fund product to outside investors, confident in the strength of our combined platform,” said Paul Cuthbert-­Brown, Partner.

Vulpes Investment Management launched on 1st April 2011 and now has 4 funds open to investors: Long Asian Volatility and Arbitrage Fund, Russian Opportunities Fund and Testudo Fund; and now the Creo European Investments Fund. Both the Vulpes Agricultural Fund and the Vulpes Life Sciences Funds will be added to the platform in early 2012.

Press release

bc

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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le