Heptagon launches three new Ucits funds

Heptagon Capital launched three new Ucits funds for Chicago and California based managers. This takes the total number of strategies available to Ucits fund investors to 11.

December manager launches resulted in a raise of $145mm for the highly-rated emerging market equity strategy managed by Driehaus Capital Management in Chicago. In addition, $25m was raised for the Driehaus US Micro Cap equity strategy, which has outperformed in 18 of its 20 years of existence, and whose composite is the top-performing US equity strategy of any style in the eVestment all US equity Universe over that period.

Heptagon also announced a new partner in the long-only global equity space, in the form of WCM Investment Management. WCM is an employee-owned asset manager, based in Laguna Beach, California.

In January, Heptagon and WCM launch a $20m Ucits fund, which is mirroring the $1.5bn that WCM manages in their concentrated, global equity strategy. This is a high conviction portfolio of around 30 names, with a bottom-up, low-turnover approach, relying on fundamental analysis. The strategy has produced an annualised return of 9.9% versus 4.5% for the MSCI ACWI GR since inception in March of 2008.

Existing funds, most notable the Kopernik Global All Cap equity fund, based in Florida has been attracting solid inflows. Assets in that Ucits fund have risen to $320m, aided by a 52% rise in 2016. Total assets in this strategy recently surpassed $2bn, but Kopernik announced plans to soft close the US Mutual Fund channel, the Ucits fund vehicle remains unaffected and open for investors.

Commenting on recent developments, Heptagon’s managing partners commented, “We are delighted that WCM and Driehaus have chosen Heptagon to be their partner for these distinguished investment strategies. At a time of increasing moves toward passive investment methods, we remain committed to finding demonstrably active managers, with peer-leading Active Share levels versus their indices. We are pleased that our clients, as well as the broader Ucits fund investor base, will now have access to the significant investment capabilities of two more such asset management houses, both of whom have earned considerable respect in the US and across the wider global investment community.”

Ridhima Sharma
Ridhima Sharma speaks German and is DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

Read more from Ridhima Sharma

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!