La Française Global Investment Solutions has announced the launch of a multi-strategy long/short credit Ucits fund, LFIS Vision Ucits-Credit.
The fund, which relies on a conviction-driven approach, seeks to deliver “through-the-cycle” performance and will invest in a diverse portfolio composed of under- or overvalued credit assets while minimising the risk of loss.
The strategy offers weekly liquidity. It is managed by La Française GIS’ credit strategies team, headed by Renaud Champion, and is run alongside the team’s established credit opportunities strategy, launched in June 2013.
LFIS Vision Ucits – Credit is currently registered for sale in the U.K. and France and will be soon passported in other countries.
The Class EB is available to institutional “early bird” investors and features a management fee of 1% coupled to a performance fee of 10% with a minimum subscription amount of €1m. The Class EB is available in euros, sterling, dollars and Swiss francs.
Minimum investment amounts range from €1,000 to €10,000 for Class R shares.
“Created in response to investor demand, the launch of LFIS Vision Ucits – Credit marks another important milestone in our growth.
“Since the creation of our initial alternative strategies in 2013, we have seen strong performance and the market reception for our funds has been excellent, both of which support our decision to open this new fund,” said Sofiene Haj-Taieb, CEO and CIO of La Française GIS.
Renaud Champion, head of Credit Strategies at La Française GIS commented: “Credit markets are characterised by different investment dynamics across the cycle and our multi-strategy, nimble approach enables us to exploit and combine these opportunities to deliver sustainable performance. With normalisation across credit markets far from homogenous, we are pleased to be able to welcome new investors wishing to take advantage of our predominantly relative value approach to credit investing”.
Launched in 2013, La Française GIS had $4.6bn in assets under management as of 29 January 2016.