Trium Capital launches multi-strategy fund in bid to boost European client base
Liquid alternatives specialist and head of multi-strategy solutions Clark Fenton will oversee the fund, and will be supported by the wider multi-strategy team.
An Article 9 fund, it will be a multi-portfolio fund and initially invest across ten alternative strategies, including capital structure arbitrage, equity long/short, systematic equity, event driven and global macro.
It will aim to be «highly uncorrelated to major asset classes», and the strategies held within the fund will be further uncorrelated against each other, all while targeting annual returns of cash plus 3-5% over a market cycle, with expected annual volatility between 5-7%.
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Liquid alternatives specialist and head of multi-strategy solutions Clark Fenton will oversee the fund, and will be supported by the wider multi-strategy team.
The fund's founders' share class, available for the first $300m of assets under management, has a 0.5% management fee with a 15% performance fee.
Incentive fees will be paid on total net fund performance rather than individual managers' returns, meaning that no performance fee will be charged if the fund does not generate a positive return.
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Fenton said the company was bringing a «truly innovative strategy to the market, enabling more investors to access the expertise of our portfolio managers in a single proposition with all the advantages of the UCITS structure».
He described it as an «highly uncorrelated all-weather fund», adding that with «so few comparable products in this space, we believe it is a compelling option for investors».
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