Tages Capital, in partnership with Fore Research & Management, has launched the Tages Fore UCITS Fund, a global credit long/short fund which will form the first sub-fund of Tages International Funds SICAV.
The UCITS-compliant umbrella fund structure is domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Jamie Kermisch, CEO of Tages Capital says: “Tages is delighted to be partnering with Fore Research & Management who we have been invested with for many years and who we consider to be one of the premier fund managers specialised in long/short credit strategies. Fore Research offers a strong track record coupled with an enviable record of capital protection and lack of correlation to other major asset classes. With significant capital invested at launch, we believe that the Tages Fore UCITS Fund provides investors with access to a highly experienced team and a fund that offers the flexibility to be positioned both net long or net short at a time of higher market volatility and global economic uncertainty.
“Tages has become one of the most active firms investing in the fast growing UCITS alternatives segment, building on its leadership in absolute strategies, where the firm focuses on excellence in manager and strategy selection backed up by deep operational due diligence. The launch of the Tages Fore UCITS Fund will be followed by additional fund launches which will offer both our existing institutional clients and new external investors access to a wide range of absolute return strategies managed by exceptionally skilled fund managers”.
