Verrazzano launches first long-only product
European equity investment boutique Verrazzano Capital has launched European equity investment boutique, a Ucits-compliant Luxembourg Sicav structure.
The fund aims to achieve long-term capital growth by investing at least 80% of its assets in the shares of companies listed in Continental Europe, the company said.
It is Verrazzano’s first long-only product offered to external investors, following the 2012 launch of two successful European equity long-short strategies to qualifying investors.
The firm said it takes an approach to investment that employs fundamental analysis, active portfolio management and a disciplined framework to manage investments.
Commenting on the launch, Chief Investment Officer Guillaume Rambourg said: “We’re delighted to launch our first long-only fund and make it available to a broad investment audience.
“It is an important milestone for Verrazzano Capital, which has evolved quickly since 2011 thanks to investor appetite for our tried and tested investment approach and the meticulous path we took to building out the institutional platform.”
Verrazzano Capital, run by a team of 16 professionals and Rambourg was co-portfolio manager of Gartmore European Selected Opportunities (OEIC) and Gartmore Continental European (Sicav) funds between 1997 and 2010 and of various AlphaGen hedge funds including Capella, Tucana and Acamar (1999 to 2010).
To date, Verrazzano funds have benefitted from strong endorsement by investors and firm assets stand in excess of $500 million, the firm also said.
Kepler Partners LLP, the research-led distribution business, have partnered with Verrazzano to distribute the Advantage European Fund to UK Institutions.
Commenting on the launch, Laurie Robathan, Partner at Kepler Partners said: “We have seen significant interest in this fund launch from investors looking to allocate to European equities. Guillaume has a large following in the UK and we are very excited about the prospects for this fund.”