Sat, Apr 20, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Tages Capital launches first single strategy UCITS alternative fund

Tuesday, May 17, 2016
Opalesque Industry Update - Tages Capital, in partnership with Fore Research & Management, announces the launch of the Tages Fore UCITS Fund, a global credit long/short fund which will form the 1st sub-fund of Tages International Funds SICAV, a UCITS-compliant umbrella fund structure domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).

Jamie Kermisch, CEO of Tages Capital said, “Tages is delighted to be partnering with Fore Research & Management who we have been invested with for many years and who we consider to be one of the premier fund managers specialised in long/short credit strategies. Fore Research offers a strong track record coupled with an enviable record of capital protection and lack of correlation to other major asset classes. With significant capital invested at launch, we believe that the Tages Fore UCITS Fund provides investors with access to a highly experienced team and a fund that offers the flexibility to be positioned both net long or net short at a time of higher market volatility and global economic uncertainty”.

Mr Kermisch further noted, “Tages has become one of the most active firms investing in the fast growing UCITS alternatives segment, building on its leadership in absolute strategies, where the firm focuses on excellence in manager and strategy selection backed up by deep operational due diligence. The launch of the Tages Fore UCITS Fund will be followed by additional fund launches which will offer both our existing institutional clients and new external investors access to a wide range of absolute return strategies managed by exceptionally skilled fund managers”.

What do you think?

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

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1