LNG Capital has launched a new share class for its flagship Europa Credit Fund to meet the requirements of a new investor that has made a very significant capital allocation to the Fund.
The new investor is a German private bank focused on fixed income securities.
The allocation will be run as a bespoke mandate via a segregated account and focus on a limited number of the strategies employed within the Europa Credit Fund.
“Today investors require a higher level of customisation than perhaps ever before. We worked with the client to understand their needs and created a strategy that met these needs and suited the specialist skill set of the team here,” says Louis Gargour, founder and CIO of LNG Capital.
The firm now runs three strategies: the LNG Europa Credit Fund, which returned +8 per cent in 1Q15, a best ideas High Yield European Credit mandate for a US pension fund and this new mandate. LNG Capital is getting ready to launch a UCITS version of its flagship fund in the coming months.
Founded in 2006, LNG Capital was the first manager to pursue a strategy dedicated in investing in liquid European credit opportunities, which today, due to a weaker US Dollar, is increasingly being adopted especially by global investors.
“LNG is capturing the rotation out of US credit into European credit,” says Gargour.