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Redhedge Asset Management LLP (Redhedge), an FCA regulated investment manager, announced today that its Relative Value UCITS fund has surpassed €100 million in assets under management less than one year after its inception.
The UCITS fund has been launched to meet demand from institutional investors, such as pension funds and family offices, that cannot invest in non-UCITS products and are searching for a product that is decorrelated from major financial markets. The fund will be managed by Andrea Seminara, CIO and CEO, and Voon Kiat Lai, Senior Portfolio Manager.
The fund applies a hedged investment strategy in developed European investment-grade credit markets, which is actively managed by Redhedge’s team of portfolio managers and analysts. The investment approach involves both a quantitative and qualitative process, and Redhedge’s quantitative model, combined with fundamental analysis, allows the team to identify market dislocations, and therefore, potential trade opportunities.
The UCITS fund is a continuation of Redhedge’s alternative investment fund, the Redhedge ICAV, that launched in 2015. It adopts the same fundamental strategy, philosophy, and principles in an adjusted form that adheres to the regulatory, and eligible investment, requirements of a UCITS vehicle. It is more liquid than the alternative fund, in order to be UCITS-compliant and reach a wider audience amongst professional clients which can subscribe and redeem daily.
Andrea Seminara, CIO & CEO of Redhedge commented: “We are delighted that the UCITS version of our Relative Value Credit strategy has breached the €100 million milestone. We are particularly proud of this considering the fund launched in only March of this year. This is a testament to the work of our team & that our clients value our liquid alternative market neutral approach.”
