ABR Dynamic Funds builds for scale
Taylor Lukof is founder and CEO of ABR Dynamic Funds, LLC, in New York. ABR invests firm and client capital through separately-managed accounts in quantitative-driven strategies in US-based equities, futures and options. Lukof will be in Switzerland in June, on the 8th and 9th in Geneva and on the 12th and 13th in Zurich and Liechtenstein. Opalesque, the leading source for "Premium Alternative News", interviewed ABR. This article captures ABR's rich trading history and ambitious future: they are building their firm for scale.
The role of UK lending funds is increasing in the post-Brexit world
The investment management industry has become even more critical in the UK's non-bank finance market.
||Founder and CEO of Prestige Asset Management, Vice Chairman of OpenFunds Investment Services AG
Interest in the UK as a market for investment does not seem to have dissipated in the wake of the Brexit vote. Foreign investors see an opportunity from the weaker British pound to increase their exposure and there is also considerable interest in the long-term prospects for the UK economy and the yields to be earned from effectively managed lending strategies.
Frontier Markets, a possibility according to Tundra Fonder's CIO Mattias Martinsson [PART 2]
Mattias Martinsson is Chief Investment Officer and partner of Tundra Fonder AB, a Swedish asset manager specialising in Frontier Markets. Martinsson, who regularly visits Switzerland, will be again in Switzerland in May, on the 8th and 9th May in Geneva and on the 10th and 11th in Zurich. In this two-part interview with MarketPlus, he explains what is particular about Frontier Markets and the peculiarity of Tundra Fonder in this regard.
OpenFunds Investment Services Ltd. (‘OpenFunds’) and Kroma Capital Partners Ltd. (‘Kroma’), announced today a strategic partnership for the distribution of investment funds to professional investors in Switzerland and in the Middle East
OpenFunds and Kroma will cooperate in the areas of fund sourcing and due diligence, offering to the fund managers they both distribute access to their respective networks of professional investors in both Switzerland and the Middle East.
New member joining the OpenFunds Distribution team
OpenFunds is pleased to welcome Norbert Schmitz, who will be heading the business development of the Fund Distribution team. He has over 20 years’ experience in the banking and asset management sector, in various functions. Among others, he has worked as a fund dealer at Sal. Oppenheim (Cologne and Luxembourg) and as a custody administrator at WGZ-Bank in Luxembourg. In 2004 he joined AXA Investment Managers, where he was in charge for the business compliance of Germany. Between 2008 and 2013 he was dealer and project manager for the fund business at Rothschild Bank in Zurich. After working also for Acolin Fund Services in Zurich, he joined OpenFunds in April 2017. Norbert is fluent in German, English and Luxembourgish and has a good command of French. He will be based in Zurich.
ABR and OpenFunds announce the successful seeding of the first of a series of UCITS V fund managed by ABR
OpenFunds Investment Services Ltd. (‘OpenFunds’), the leading independent, partner-owned, Swiss fund placement agent, is pleased to have served as the exclusive placement agent for the launch of the first UCITS V fund of ABR Dynamic Funds (‘ABR’), a US quantitative asset manager.
New member joining the OpenFunds family!
OpenFunds is pleased to announce that Olivier Lehmann has joined OpenFunds in the Legal Representative team, reporting to Roger Stoffel. After his legal education in France, Olivier has obtained an MBA in Business Law & Management from the Ecole Supérieure de Gestion in Paris. During this time Olivier worked as an apprentice in the legal department of the structured finance team at Société Générale CIB in Paris. In 2014 he then moved to Société Générale Zurich branch, where he first worked as Legal Counsel before joining their Legal Representation team.
OpenFunds announces the closing of The London Heritage Fund
OpenFunds is pleased to have served as the exclusive placement agent for the first fund advised by Luxx Lonodn Investment (‘Luxx’), with final commitments of more than GBP 33 million. The London Heritage Fund is the first of a series of funds Luxx is planning to launch.
The London Heritage Fund’s successful closing is indicative of the strong network of OpenFunds and its partners during a difficult fundraising environment for a first-time fund active in the real estate sector in the UK, especially in the aftermath of Brexit.
OpenFunds has been able to secure over 130m USD for three alternative managers
OpenFunds has been able to secure over 130m USD for three alternative managers:
- Investors committed 42.5m USD for a first-time real estate fund. The strategy of Luxx London Investment, the Property Adviser, has been since a quarter of a century the conversion of office space into luxury residential flats in Prime Central London. OpenFunds acted as the sole placement agent for this fund.
- One investor committed 40m USD to a managed account in the Insurance-Linked Space. The account has been devised following the investors needs with a regular coupon-paying feature and will be managed by one of the leading managers in this space.
- One investor committed 50m USD into an African Trade Finance Fund, which, thanks to this investment is now closing to external investors. OpenFunds and the manager have devised a customised share class which features a regular distribution.
Siro Zanovello, co-Founder and CEO and Wolfgang Landl, co-Founder and Advisor commented this result by saying “We are pleased with this year-end result having received strong support from institutional investors and large family offices from Switzerland and the Middle East, who value the strategies and the managers we present to them. For nearly a decade the principals at OpenFund have concentrated on strategies and funds that have a strong focus on capital preservation and current yield. The longer the current interest rate environment persists, the more we see investors allocating to such funds, often foregoing the principle of daily or weekly liquidity, which was considered inalienable since the financial crisis”.
OpenFunds secures close to 100m USD for the launch of 2 new distributing share classes
OpenFunds has been able to secure from two large Gulf institutional investors seed capital for one of the core funds it distributes. The fund, active in the direct lending space for the last 8 years, was "seeded" by the Principals of OpenFunds when they brought the first external investor back in April 2009.
The two distributing share classes are a response to investors search for alternative fixed income strategies with a regular distribution/coupon. While the first one is being seeded with a 20m USD commitment, the second one has a 75m USD commitment. Both share classes will pay quarterly coupons and in both cases the yearly performance will be distributed to investors. Targeted coupons are in the region of approx. 6-8% p.a.