Tages Capital, in partnership with Madrid-based Cygnus Asset Management, has launched the Tages Cygnus Europa Event Driven UCITS Fund, the third sub-fund of Tages International Funds SICAV, a UCITS compliant umbrella fund structure.
Cygnus Asset Management is an established specialist investment manager founded in 2006, with AUM in excess of USD500 million.
The Tages Cygnus Europa Event Driven UCITS Fund aims to capture liquid investment opportunities relating to corporate activity in Europe, while adhering to UCITS limits and guidelines.
The fund is launching with in excess of USD30 million of institutional capital.
Jose Luis Perez, portfolio manager of the Cygnus Europa Event Driven strategy, says: “Cygnus is delighted to be partnering with Tages Capital on this important launch. Cygnus Asset Management’s approach to investing is active, research driven, and with a special emphasis on risk control. Our strategy seeks investment opportunities around corporate activity in Europe, across the capital structure. We look for companies that may be impacted by inefficiencies and valuation discrepancies resulting from M&A, capital structure changes, spin-offs, regulatory changes, restructurings, and bankruptcies. With Tages representing one of the most active and influential investors in the fast growing UCITS alternatives segment, this fund will broaden our client base and enable us to attract additional interest in our strategy.”
Jamie Kermisch (pictured), CEO of Tages Capital, says: “As an existing investor in the Cygnus Europa Event Driven strategy, Tages has been impressed by the manager’s ability to generate attractive risk adjusted returns and we are excited to be developing our partnership further. The Tages Cygnus Europa Event Driven UCITS Fund provides investors with access to a highly experienced team with a highly focussed strategy proven capable of generating alpha across varied market conditions. As the third fund to launch on our alternative UCITS platform within a year, this demonstrates Tages’ commitment to offer investors access to experienced, high quality differentiated managers and strategies.”
