London-based alternative asset manager Trium Capital is partnering with Ellington Global Asset Management to launch Ellington Trium Alternative Credit Ucits, a long/short credit Ucits fund.
The fund is set to be launched this quarter and will be seeded by the partners of Ellington.
The new strategy will leverage Ellington’s expertise in RMBS, CMBS, CLOs and corporate credit relative value strategies. Ellington’s deep trading experience and proprietary models allow the group to seek to capture value in assets overlooked by other managers.
Michael Vranos, founder and chief executive officer of Ellington, said, “We are excited to partner with Trium to provide investors with access to Ellington’s established credit strategies. We believe persistent supply and demand disparities, coupled with rich alpha opportunities from our unique research and security selection process, provide an attractive foundation for generating uncorrelated returns for our Alternative Credit Ucits fund clients.”
