Capital Strategies Partners is using particular databases to find managers of niche active management strategies, and bring their capabilities and products to market.
Company collaboration
He adds that last year, CSP started collaborating with Bantleon, a specialist bond manager, playing 100% highly rated fixed income and mainly AAA Euro stock – such as govies, supranational, sovereign and German pfandbriefe “in a very dynamic and active duration approach”.
Since 2008 Bantleon has been developing the Opportunities Strategy, combining these recognised capabilities with a tactical overlay on the DAX future, targeting absolute return of more than 6% per annum. Since 2008, it has provided more than 55% growth, with less than 7% volatility.
This month, CSP signed with Global Evolution, a Danish asset manager dedicated purely to emerging market debt, and with a team track record of more than 15 years. “At the moment, Global Evolution provides the only Ucits fund offering exposure to frontier market fixed income with daily liquidity,” Milan adds.
CSP is active in looking for Ucits hedge fund strategy or GTAA/Macro Strategy. In this field, says Milan, “we are partnering with few managers such as Laffitte CM, a specialist in merger arbitrage/event-driven strategy; Estlander & Partners, a Finnish-based company with an astonishing 20-year track record as a CTA, and which deployed the strategy in Ucits format in 2010.”
Another is Ethenea Independent Investors, a Luxembourg asset manager with €3bn in assets under management, which has grown since its launch in 2002 to become one of the top names in the macro/balanced strategy in German retail market.
Milan is also working on behalf March Gestión de Fondos, which manages collective investments and services of the clients of Banca March, a Spanish asset manager.
He says: “We have registered two funds for the Italian retail market. One is Torrenova, a traditional, absolute return global asset allocation strategy (originally launched to serve the March family office).
The other is ViniCatena, the first and only global equity fund to invest in a selection of listed companies linked to the production and sale of quality wine.”
