Trium Capital, a London-based alternative investment specialist, has partnered with New York based Chesapeake Asset Management (CAM) to offer a global equity fund – The Trium Chesapeake Global Equity UCITS Fund – which launched last month.
The fund’s global, nimble approach allows the portfolio manager to dynamically shift focus to areas where opportunity is greatest at any given time. It uses top-down country and industry research, as well as fundamental analysis to identify companies facing multi-year opportunities – or threats – that go beyond normal cyclical fluctuations. The portfolio is actively managed with a heavy emphasis on risk management and an aim to produce steady returns with only moderate levels of volatility.
The fund is managed by experienced cross-asset specialist Gerasimos Efthimiatos, who has achieved a 6 per cent annualised return, posting a Sharpe ratio of 1.1, running a similar strategy at Chesapeake over the past four years. Efthimiatos is CIO of CAM Global Partners and his diverse 17-year career path includes eight years spent at the European arm of multi-billion dollar long/short equity hedge fund Trafelet Delta Funds Europe – rebranded as Habrok Capital.
Efthimiatos says: “Our strategy invests globally based on a comprehensive framework that incorporates macroeconomic developments, structural industry trends, and granular company-level analysis, to build a long/short portfolio that can compound at an attractive rate of return over time, while maintaining a controlled risk profile and successfully navigating all types of market environments.”
“Our fundamentals-based analysis has a three-year investing horizon but is complemented by an acute awareness of near-term market developments. Risk is controlled through high liquidity, moderate leverage, regular position size adjustments, and an active trading strategy designed to protect the portfolio during periods of heightened volatility.”
“We believe our approach will become increasingly relevant over the next several years as the end of an era of extraordinary policy accommodation, ageing demographics, unsustainable levels of public debt, socio-political tensions, and changes in market structure, driven by the rapid rise of algorithmic trading, all combine to create a unique set of opportunities and challenges.”
Andrew Collins, head of Trium UCITS, adds: “We are delighted to partner with Chesapeake to deliver a unique strategy to the UCITS market. Trium is continually assessing where investor appetite is, and we feel the Trium Chesapeake UCITS represents a great addition to our existing range of funds.”
