Union Bancaire Privée (UBP) has launched a technology-focused long/short strategy on its alternative Ucits platform in partnership with New York-based alternative investment manager Shannon River Capital Management (Shannon River).
U Access (IRL) Shannon River Ucits is managed by Spencer Waxman's (CIO and founder) Shannon River. and will allocate capital opportunistically and dynamically across SMID cap, "mispriced growth" stocks in technology-related sectors. More specifically, the investment focus will be in areas where disruptive technological changes have occurred, including among others intellectual property, software, media, entertainment, equipment, connectivity and logistics.
The strategy will utilise a fundamental approach, while research will rely on two main pillars, namely technological innovation and consumer behaviour. The original flagship strategy exhibits a strong 16-year track record, proving the investment team's ability to navigate different market environments.
Nicolas Faller, co-CEO Asset Management at UBP, said: "We are very happy to partner with Shannon River for this new alternative Ucits fund. We believe there is a fertile ecosystem made of investment opportunities in winning and losing mis-priced SMID growth stocks impacted by secular opportunities in this technology thematic. Spencer Waxman and his team represent one of the most impressive investment firms in that field."