Heptagon Capital launches two global equity funds on Ucits platform
Heptagon Capital has launched the Oppenheimer Global Focus Equity Fund and the Kopernik Global All-Cap Equity Fund, two new Global Equity funds on its Irish Ucits platform.
The launch takes the number of funds on Heptagon’s $2.8bn AUM Ucits platform to five.
The Oppenheimer Global Focus Equity strategy is now available to professional Ucits investors. The strategy combines a thematic approach to idea generation with fundamental company analysis.
Randall Dishmon, the portfolio manager based in New York, started the strategy in October 2007. He looks for durable businesses, regardless of where they are located, with sustainable structural tailwinds and good economics.
Taking an approach where entry points are key, Dishmon says he seeks to buy when there is a large gap between market price and what the company is worth to an informed buyer.
Although this is a high-conviction, actively-managed, benchmark-agnostic strategy (with an ‘Active Share’ of 96%), its risk profile is limited by the portfolio manager’s focus on price.
The other fund that was launched is the actively managed Kopernik Global All-Cap Equity Fund, and its investment portfolio is being managed by Dave Iben of Kopernik Global Investors, LLC in Tampa, Florida.
The strategy pursues a truly global, bottom-up, research driven, fundamental evaluation approach that focusses on identifying market inefficiencies through independent analysis.
Iben and his team look for undervalued and unloved stocks that will significantly reward the long term, patient investor, who truly understands a company’s business, and where more normal, stable valuations for a business will eventually be achieved.
Commenting on the new fund launches, Tarek Mooro, Managing Partner and CEO of Heptagon noted: “We are extremely pleased to have brought two such high quality investment managers to the Ucits market. In line with our philosophy of identifying high-conviction, benchmark agnostic, outperforming managers, we feel very confident that these funds will significantly reward stakeholders over the coming years.”
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