Anavon Capital has launched the Anavon Global Equity Long/Short UCITS fund on the Alpha UCITS Platform.
The fund will be run pari passu with Anavon’s global long/short strategy.
Tages Capital has acted as day one investor ensuring the UCITS fund has critical scale at launch.
Anavon Capital is a London-based hedge fund manager with a successful track record since January 2011 in managing its global equity long/short strategy. The firm was co-founded in 2010 by Avraham Mevorah and Avi Fruchter.
Prior to co-founding Anavon, Mevorah was a partner at Fortelus Capital and Fruchter was a partner at Attara UK.
Tages Capital is an alternative multi-manager solution business, 60 per cent owned subsidiary of Tages Group, with approximately over USD3.5 billion of assets under management and advisory. The company has been operating since 2011 and has increased its AUM at a double digit rate in the first three years of operation.
Alpha UCITS Ltd. is a London based company founded in 2009 by Stephane Diederich, formerly a partner at Brevan Howard Asset Management. Alpha UCITS is a fast-growing structuring and distribution platform for UCITS funds launched by blue chip hedge fund managers.
Salvatore Cordaro of Tages Capital says: “We are excited by this strategic relationship with Anavon and to add the Anavon Global Equity Long/Short UCITS fund to our investment portfolios with the help of the Alpha UCITS platform. Alternative UCITS are a strategically important and fast growing part of our business and we believe that Tages can provide significant value to its investors by seeding successful hedge fund strategies in UCITS vehicles.”
Justin Denham, chief operating officer of Anavon, says: “Launching a UCITS version of our global equity long/short strategy will be a vital milestone for Anavon. We considered a number of options and decided the proposal offered by Alpha UCITS was by far the best solution. It combines a solid platform with operational expertise that allows Anavon to focus on investment and performance. We are delighted to have Tages as a core investor in our new fund.”