Tue, Nov 24, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Ironshield Credit Fund launches on the MontLake UCITS Platform ICAV

Friday, April 03, 2020
Opalesque Industry Update - Ironshield Capital Management LLP and MontLake jointly announced the launch of the Ironshield Credit Fund on the MontLake UCITS Platform.

The Ironshield Credit Fund seeks to achieve high absolute returns by selectively investing in event driven, stressed and distressed European high yield credits. The Fund has the flexibility to invest broadly across the capital structure in addition to across the credit rating spectrum, with the investment team leveraging their experience in credit markets and their proprietary analytical approach to drive alpha generation.

Credit selection is based on in-depth analysis and due diligence of a select group of corporates that the team typically tracks over a multi-year period. The portfolio invests in both long and short, liquid, single name credit positions, utilising actively traded bonds, credit default swaps, and other corporate securities. Ironshield is offering this UCITS product with weekly liquidity.

The fund will be led and managed by the CIO and Managing Partner, David Nazar. David has worked in credit markets for the past 25 years and is one of the most experienced investors in European event driven, stressed and distressed credit. Prior to founding Ironshield Capital Management in 2007, David worked for Deutsche Bank and Bank of America, managing proprietary credit portfolios. Prior to that, he was an investment banker at Goldman Sachs and Salomon Brothers. David leads a team of six experienced specialist traders and analysts.

Cyril Delamare, CEO of MontLake commented: "We are excited to be partnering with Ironshield on the launch of their UCITS fund. The fund has a unique return profile and compliments our wide array of product offerings. Ironshield's long history and track record in European event driven credit markets is something we are very pleased to offer to our investors."

David Nazar, CIO and Managing Partner of Ironshield commented: "We are very excited to be launching our UCITS credit fund into an environment where the opportunity has been reset by recent market volatility. Our high alpha and low correlation return stream can be a powerful source of results for investors as well as acting as a diversifier in investors' portfolios. We are looking forward to leveraging our expertise and nimble approach to take advantage of market dislocations on behalf of our investors."

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. SPACs: Seth Klarman bets big on Bill Ackman, other SPACs, CRE firms join the SPAC boom[more]

    Seth Klarman bets big on Bill Ackman, other SPACs From MSN: Hedge fund manager Seth Klarman revealed several investments in SPACs during the third quarter, including a big bet on the largest SPAC from Bill Ackman. A 13F filing from the third quarter reveals Klarman's Baupost Fund to

  2. Renaissance, Two Sigma see losses as quant giants navigate chaos, Hedge fund run by BofA veterans trounces 99% of Brazil peers, Amid a tough year, CQS makes changes - and sees a rebound[more]

    Renaissance, Two Sigma see losses as quant giants navigate chaos From Bloomberg: Two of the hedge fund industry's quantitative powerhouses are getting tripped up this year as wild markets throw off their investing models. Renaissance Technologies, which manages the world's biggest q

  3. Investing: Hedge funds bet on tech ahead of unpredictable fourth quarter, The Tiger crowd's fresh buys, raises Uber stake, David Einhorn adds Twitter and Intel shares, keeps big bets on inflation, Palantir stock rockets to record highs as hedge funds disclose stakes, Trian dumped GE stock, but Druckenmiller stood pat in Q3 as SEC probe heated up[more]

    Hedge funds bet on tech ahead of unpredictable fourth quarter From Bloomberg: Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month's U.S. election. If they're still holding on to those wagers, it will

  4. SPACs: As Ackman hunts blockbuster deal, he counts on big backers[more]

    From Reuters: Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy hitters rounded u

  5. Bill Ackman is bullish on stocks for 2021, but has a hedge position for a 'tragic' end to 2020[more]

    From CNBC: Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he's optimistic about a recovery in 2021, but investors will need to get through a "tragic" year-end first. "We think the next couple of months unfortunately are going to