Tages Capital, in partnership with Anavon Capital, has launched the Tages International SICAV – Anavon Global Equity Long/Short UCITS Fund, the second 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).
Anavon is an equity manager with a five-year track record in its global long/short equity strategy. The fund is launching with USD28 million of institutional capital with follow-on commitments in excess of USD30 million.
Justin Denham, chief operating officer of Anavon Capital, says: “Anavon is delighted with this partnership to offer the Anavon global long/short equity strategy to UCITS investors. Anavon’s fundamentally driven research approach is focused on selecting individual stocks to deliver alpha across both our long and short books. The strategy seeks superior risk-adjusted returns with its particular focus on risk management and protecting capital during downturns. With Tages representing one of the most active firms investing in the fast growing UCITS alternatives segment, this fund will broaden our client base and enable us to attract new interest in our strategy.”
Jamie Kermisch (pictured), chief executive of Tages Capital says: “Tages has been a long-standing investor in Anavon’s funds and we are pleased to be developing our partnership further. With significant capital invested at launch, we believe that the Anavon Global Equity Long/Short UCITS Fund provides investors with access to a highly experienced team with a strong track record of delivering high quality returns at a lower volatility than the broader global equity market. This has been as demonstrated once again by strong performance relative to its peers so far this year. This fund adds another differentiated strategy to Tages’ range of UCITS alternative funds.”
