Sat, Jun 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eiffel Credit Opportunities launches on Sciens Managed Account platform

Thursday, December 05, 2013
Opalesque Industry Update - Sciens Alternative Investments, part of the Sciens Capital Management Group and provider of single- and multi-strategy funds of hedge funds and managed account services, today announces that Eiffel Credit Opportunities, a long-short sector focused European credit fund, will be replicated in a new cell on the Sciens Managed Account Platform.

Eiffel Credit Opportunities is a long-short European credit fund which makes discretionary investments in credit instruments of European corporate and financial institutions, using bonds, loans and CDS. The strategy, which will be replicated in a cell on the Sciens platform, relies on a bottom-up, research-driven approach for credit selection reviewing a wide universe of potential managers to focus on a very select group. The strategy’s portfolio will consist of a limited number of high conviction catalyst-driven long and short core positions, plus more opportunistic trading positions. Deployment and exposure are managed dynamically with reference to credit market regime.

The benchmark fund was launched on 1 December 2011 and gained 20.1% in 2012 with a Sharpe ratio of 2.3. The Fund won the “New Fund of the Year Award” at the EuroHedge Awards, 2012 and also received plaudits in 2013 at the Hedge Fund Review Awards and Investors Choice Awards. Eiffel Credit Opportunities is backed by a pool of large European institutional investors, through a vehicle managed by NewAlpha Asset Management, a leading global seeder.

Fabrice Dumonteil, founder and CEO of Eiffel Investment Group explained, “We believe that European markets continue to offer very attractive opportunities in relative value strategies, with the European economic cycle lagging behind the US and European banks’ need to further deleverage.

“The sovereign crisis and the long-lasting European unification process, which should continue to be slow and chaotic, provide a compelling backdrop for our strategy, with shorter economic and market cycles. We are seeing, and anticipate in the coming years, a wealth of opportunities within smaller, second-tier situations which are often misunderstood by the market and not on the radar screen of larger funds. It is exactly these sorts of below-the-radar opportunities, unearthed through in-depth research, that we believe Eiffel Investment Group is perfectly positioned to identify and exploit, as a local manager at the heart of the Eurozone,” continued Mr Dumonteil.

Dr Stavros Siokos, Sciens CEO, said, “Eiffel Credit Opportunities strategy stands out as there are not so many European credit strategies, even fewer with a classic research-driven approach, and it is the first long-short European credit strategy on our platform. “We are delighted to welcome Eiffel Investment Group and to bring our managed account platform investors even greater diversity of choice,” continued Dr Siokos.

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,