Geneva-based wealth manager Lombard Odier has added a long/short, event-driven strategy to its PrivilEdge open architecture fund platform. Dedicated to strategies managed by external investment managers, the platform holds assets of over CHF5bn across 28 funds.
Lombard Odier launched PrivilEdge in February 2014 to offer clients a wide range of externally managed funds in a Ucits format that may otherwise be difficult to access. The platform allows investors to gain exposures to differentiated approaches across asset classes (global unconstrained fixed income, US small caps, Japanese small and mid-caps, emerging market fixed income, among others), and includes some uniquely tailored strategies such as liquid replication of direct investing in European real estate. Each strategy is available in a range of share classes to suit investors’ registration and reporting requirements, wherever they are in Europe.
The open architecture team identifies best-in-class fund managers with the expertise to run customised strategies that meet investors’ portfolio needs. The team closely monitors the strategies with fully transparent, daily access to managers’ positions. Lombard Odier works with specialised investment firms such as Robert W. Baird & Co, Moneta and Sands Capital Management as well as leading global managers including JP Morgan, BlackRock, Wellington, Ashmore, T.Rowe Price, and Fidelity.
For its first alternative PrivilEdge fund, Lombard Odier has selected Amber Capital to manage PrivilEdge – Amber Event Europe, a new long/short event driven strategy exclusive to the platform. The fund invests primarily in European equities, targeting companies where a defined corporate event e.g. mergers and acquisitions, takeovers, rights issues, and other forms of corporate activity can unlock value or create a pricing inefficiency.