Galene structured finance fund nears $200m
The assets under management at the Galene Fund managed by London-based Prytania Investment Advisors LLP is now close to $200m, a statement from the firm said.
Galene is an actively managed fund focusing on investment grade structured finance assets, targeting returns in excess of one month EURIBOR plus 450 basis points per annum.
The fund has delivered returns of 4.6% year-to-date and in excess of 10% since launch in June 2012.
The manager invests in floating rate assets that Prytania believe bear little correlation to the broader equity and fixed income markets. Galene aims for enhanced risk-adjusted returns and genuine diversity from portfolios of other mainstream investments.
Prytania Investment Advisors LLP is an independent structured finance and credit risk specialist based in the City of London and regulated by the FSA. Founded in 2003, Prytania and its staff have a long track record of investing in, managing and advising on structured finance.
Prytania offers a suite of structured finance funds with a range of risk-return and liquidity profiles. All strategies have surpassed target returns throughout 2012. They include the Metreta Fund, holding senior AAA investments, offering low yet stable returns with daily liquidity, and the Athena Fund, a global credit opportunities structure, targeting returns of 15% p.a., returning 32% in 2012