Trium Capital, the London-based independent specialist alternative asset manager, is partnering with Ellington Global Asset Management to launch The Ellington Trium Alternative Credit UCITS, a long/short credit UCITS fund.
The fund is set to be launched this quarter and will be seeded by the partners of Ellington.
The new Ellington Trium Alternative Credit UCITS Fund strategy will leverage Ellington’s expertise in RMBS, CMBS, CLOs and corporate credit relative value strategies. Ellington’s deep trading experience and proprietary models allow the group to seek to capture value in assets overlooked by other managers.
Founded in 1994, Ellington has experience managing portfolios for multiple UCITS, specifically acting as a sub-manager for a credit long/short mandate within a large multi-manager UCITS since August 2015.
Established in December 2014, Trium UCITS was rolled out to capitalise on the momentum alternative UCITS has gained among investors in Europe and beyond over the past decade.
Michael Vranos (pictured), Founder and Chief Executive Officer of Ellington, says: “We are excited to partner with Trium to provide investors with access to Ellington’s established credit strategies. We believe persistent supply and demand disparities, coupled with rich alpha opportunities from our unique research and security selection process, provide an attractive foundation for generating uncorrelated returns for our Alternative Credit UCITS Fund clients.”
Andrew Collins, head of Trium UCITS, adds: “Creating true partnerships is at the centre of Trium’s UCITS business, with our dedicated sales team helping specialist managers successfully tap into the growing demand for alternative strategies across Europe. Trium UCITS continues to partner with top investment talent, such as Ellington, by using our best-in-class operational infrastructure. We are pleased to be able to offer UCITS investors access to this much sought-after strategy.”
