Union Bancaire Privée partners with Brigade Capital Management to widen its liquid alternative offering
Union Bancaire Privée, UBP SA (“UBP”) has onboarded a new credit alternative fund on its alternative UCITS platform, U ACCESS (Ireland) UCITS Plc. Launched in partnership with Brigade Capital Management L.P. (“Brigade”), a leading global investment advisor specialising in credit-focused strategies, U Access (IRL) Brigade Credit Long Short UCITS pursues a credit long/short strategy. The fund launched in September 2022 and has close to USD 100 mn in assets under management.
U Access (IRL) Brigade Credit Long Short UCITS seeks long-term growth of capital through all market environments. It implements a long/short credit strategy that combines fundamental credit selection with structured credit and integrates an active approach to portfolio hedging to mitigate market and default risk. It is supported by Brigade’s investment team, including 33 sector analysts and 12 structured credit specialists.
Co-CEO Asset Management at UBP
Commenting on the launch, Nicolas Faller, Co-CEO Asset Management at UBP, declared: “We have entered a new market regime that should put alternatives, and especially alternative credit strategies, back at the forefront of investors’ asset allocations. In this context, we are thrilled to be partnering with Brigade, a renowned institutional player in the credit space, for the latest addition to our alternative UCITS platform. Brigade’s vast experience in both fundamental and structured credit, and the team’s innovative investment approach will add considerable value to our existing set of strategies. We look forward to a long and successful partnership with Brigade.”
Founder & Managing Partner of Brigade Capital Management
Don Morgan, Founder & Managing Partner of Brigade Capital Management, said: “We are pleased to be working with UBP to extend our alternative credit platform to the wider UCITS marketplace. We believe that the current environment sets up an experienced, active manager well for providing alpha across fundamental and structured credit markets. UBP’s thoughtful and diverse platform, and their proven distribution network, make them the ideal partner for this exciting new initiative.”
UBP is a pioneer in alternatives and a major player in Europe with USD 16 billion worth of assets. This fund is the latest addition to UBP’s alternative UCITS platform hosting experienced portfolio managers, created in order to offer clients a broad range of investment solutions that fit their objectives and constraints. Other funds available on this platform include:
- U Access (IRL) Trend Macro, a discretionary global macro strategy that employs deep fundamental analysis techniques to capitalise on trends in both developed and emerging markets via investment in a range of liquid markets and instruments (fixed income, currencies, credit, equity indices).
- U Access (IRL) Cheyne Arbitrage UCITS, an equity arbitrage strategy combining a core yield (Merger Arbitrage) component and an opportunistic (Mixed Arbitrage) element, both being anti-correlated. Managed with a low market beta, the fund provides uncorrelated exposure to traditional asset classes.
- U Access (IRL) GCA Credit Long/Short UCITS,an actively managed long/short corporate credit strategy employing a fundamental research process to capitalise on an information base built on decades of experience and a seasoned research team with an average of 20 years of experience.
- U Access (IRL) Shannon River UCITS,a long/short equity strategy allocating capital opportunistically and dynamically across stocks in technology-related sectors. This mainly includes areas where disruptive technological changes have occurred, such as intellectual property, software, media, entertainment, equipment, connectivity and logistics.
- U Access (IRL) Campbell Absolute Return UCITS,a systematic absolute-return strategy seeking to generate uncorrelated and attractive risk-adjusted returns. The strategy has been developed over decades by one of the pioneers of the industry. It trades mainly in equity indices, forex, credit and cash equities, has limited exposure to fixed income and no exposure to commodities.
- U Access (IRL) Bain Capital Global Equity LS Sustainable UCITS integrates ESG considerations into its investment process. The strategy applies a private markets approach to public markets over an intermediate time horizon to improve predictability and alpha generation, focusing on four industry verticals: Financial, TMT, Healthcare and Consumer.
About Union Bancaire Privée (UBP)
UBP is one of Switzerland’s leading private banks, and is among the best-capitalised, with a Tier 1 ratio of 26.7%. The Bank is specialised in the field of wealth management for both private and institutional clients. UBP is based in Geneva and employs 1,960 people in over twenty locations worldwide; it holds
CHF 140.4 billion in assets under management (numbers as at 31 December 2022).
About Brigade Capital Management
Brigade Capital Management, LP (“Brigade”), founded in 2006, is a global asset management firm which employs a multi-strategy, multi-asset class approach to investing across the broad credit universe. An SEC-registered investment adviser and alternative asset manager focused on credit, Brigade currently manages a diverse capital base for institutional investors. Founded by Donald E. Morgan III, CIO and Managing Partner, the firm is headquartered in New York with a global footprint that includes offices in London and Colorado. The firm is committed to industry best practices and has earned a reputation for its commitment to transparency and integrity as a long-term partner with investors.
Disclaimer
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