Natixis Alternative Investments France has launched a new fund on its dedicated managed fund platform – the SIXTINA Harbert Event Opportunities Fund.
This compartment of the Natixis Absolute Global SICAV is a Luxembourg-domiciled, UCITS III-compliant fund. The launch expands the fund offerings developed on the SIXTINA platform for investors seeking exposure to absolute return strategies through onshore regulated vehicles. As fund manager, NAI France will be responsible for daily risk management of the fund and for overall reporting to investors.
The SIXTINA Harbert Event Opportunities Fund offers investors access to a risk-managed portfolio of merger and corporate event transactions and strives to achieve absolute returns uncorrelated to overall market direction. Daily portfolio management of the fund is overseen by Harbert Management Corporation (“HMC” and the Sub-Investment Manager of the fund) and led by Neil B. Kennedy, the portfolio strategy manager. Neil commands nearly 30 years of experience across the merger arbitrage and event-driven investment landscape and has been managing this type of strategy at HMC since December 2006(1).
The timing of the launch was considered to be ideal in view of the significant increase in merger activity in both North America and Europe, as measured by both dollar volume and transaction count. The combination of Harbert’s expertise and reputation, and the institutional and regulatory backing offered by the Sixtina platform, represent an attractive investment opportunity for investors.
The addition of this Harbert fund to the Sixtina platform is a further step towards our objective of strengthening NAI’s offering by the careful search and selection of premium investment managers, and illustrates Natixis’ constant efforts to develop innovative investment solutions that meet client needs.
The fund is available in B1 (USD) and B2 (EUR) share classes, with minimum investments of USD250,000 for B1 shares and EUR250,000 for B2 shares (2).
