Tages Capital launches Ucits systematic fund
Alternative manager Tages Capital has partnered with Chicago-headquartered Rotella Capital Management to launch the Tages Rotella Ucits Fund.
The fund forms the fourth compartment of the Luxembourg-domiciled Tages International Funds Sicav.
Rotella specialises in systematic managed futures programmes.
The Rotella Polaris Program has been managed since 1991 and seeks to deliver consistent absolute returns, minimising monthly drawdowns, and maintaining relatively low volatility.
The Tages Rotella Ucits Fund, leveraging the Rotella Polaris strategy, has been seeded with some €25m provided by institutional investors.
Jagdeesh Prakasam, co-CIO at Rotella Capital Management, said: “We see this vital partnership with Tages as a gateway for Ucits investors to access the best of Rotella’s thinking on the financial markets created by our experienced research talent.
“Our intermediate to long-term trend following managed futures programme has a 25+ year track record of consistent absolute returns, with a low correlation to stock and bond markets. We are pleased to be able to offer the strategy in a Ucits regulated format.
“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, added: “Rotella has been paving the way in systematic managed futures investing for 25 years and has a demonstrable long-term track record of delivering non-correlated returns. We are pleased to partner with a business of such an outstanding pedigree, that continues to show commitment to being a leader in the world of systematic investing.”
Tages Capital has some $2.3bn (€2.02bn) in assets under management.