Trium Capital expands quant equity capabilities with Sabre Fund Management tie-up
Trium Capital, a London-based alternative asset manager, has brought quantitative investment group Sabre Fund Management (Sabre) into its multi-boutique structure. Sabre, established in 1982, is one of Europe’s longest-running hedge fund firms.
Sabre’s award-winning Quantitative Equity Arbitrage fund has a 17-year track record. The fund, which is equity market neutral, has been managed by Dan Jelicic, Chief Investment Officer, since its inception and has returned 166.56% in the 17 years since its since launch (Aug 2002-July 2019).
Alongside this pioneering strategy, Sabre also brings its successful Sabre Dynamic Equity fund, launched in 2013, which incorporates an element of directionality, driven by its quantitative process. Both strategies will be rebranded Sabre Trium and sit alongside Trium’s existing offerings.
The move sees the ten-strong Sabre team move to Trium Capital’s London offices and combined group assets under management rise to cUSD 750m. Dan Jelicic will continue to head the Sabre investment team and lead research and development of the Sabre strategies. Melissa Hill, CEO of Sabre Fund Management, will take on the newly created role of Head of Quantitative Strategies and will join the Trium Executive Committee.
Melissa Hill, CEO of Sabre Fund Management, says: “Trium is an innovative business and we are excited about the prospects we can capitalise on as a combined entity. We have known the principals for some time and are confident that our business cultures are fully aligned. We are looking forward to being part of a bigger business that is able to move quickly to develop new ideas and reach new markets.”
Dan Jelicic, CIO of Sabre Fund Management, says “By accessing Trium’s institutional-class infrastructure and resources, we can continue to innovate, while offering solutions to a broader range of investors. This will also allow us to continue to deliver the performance our clients have come to expect through market cycles.”
Donald Pepper, co-head of Trium Capital, says: “I have known Sabre since 2002. The synergistic addition of Sabre will complement Trium’s existing quantitative expertise to create a new force in the quantitative alternatives world. Among Trium’s existing stable of quantitative portfolio managers are Abhijeet Gaikwad, previously of Man AHL and WorldQuant, Hadrien Darmon, formerly at Visium Asset Management and Larry Lau, previously at Aspect Capital and LMR.”
Shenan Dhanani co-Head of Trium Capital say:s "We have been bringing new quant strategies into Trium over the last 12 months and are excited to develop this business more fully via the Sabre acquisition. Our quant strategies have been strong performers this year, as have the Sabre strategies, and we are looking forward to capitalising on growth opportunities."