Tages Capital joins forces with Anavon to launch Ucits L/S fund
Tages Capital and Anavon Capital have teamed up to launch the Tages International Sicav – Anavon Global Equity Long / Short Ucits fund.
The new fund is the second of Tages Capital’s Sicav umbrella fund structure, it launches with USD 28m of institutional capital and a further USD 30bn of commitments.
Justin Denham, COO of Anavon Capital LLP explains: “Anavon’s fundamentally driven research approach is focused on selecting individual stocks to deliver alpha across both our long and short books. The strategy seeks superior risk-adjusted returns with its particular focus on risk management and protecting capital during downturns. With Tages representing one of the most active firms investing in the fast growing UCITS alternatives segment, this fund will broaden our client base and enable us to attract new interest in our strategy.”
Jamie Kermisch, CEO of Tages Capital adds: “Tages has been a long-standing investor in Anavon’s funds and we are pleased to be developing our partnership further. With significant capital invested at launch, we believe that the Anavon Global Equity Long/Short UCITS Fund provides investors with access to a highly experienced team with a strong track record of delivering high quality returns at a lower volatility than the broader global equity market.”