Tages Capital Partners With Atreaus For Global Macro UCITS Fund

Jul 12 2017 | 9:54pm ET

Tages Capital has unveiled a new UCITS-compliant global macro fund in partnership with New York-based alternative investment manager Atreaus Capital.

The new fund, named the Tages Atreaus Macro UCITS Fund, is the fifth UCITS alternative fund launched by the company in the past year. As with the previous four offerings, Atreaus Macro will be a subfund of the company’s Tages International Funds SICAV, a UCITS-compliant umbrella fund structure domiciled in Luxembourg. 

The fund offers investors access to Atreaus’ proven expertise in macro portfolio management within UCITS limits and guidelines, and is launching with a minimum of €25 million of institutional capital, Tages said in a statement. 

Founded in 2012, Atreaus manages more than $1.35 billion in global macro strategies. The manager focuses on capital preservation and delivering non-correlated absolute returns through a discretionary global macro approach, which invests primarily in liquid currency and commodities markets.  

“As an existing investor in the Atreaus macro strategy, [we have] been impressed by the team’s investment process and ability to generate attractive, non-correlated risk adjusted returns, particularly during periods of macro uncertainty and volatility,” said Jamie Kermisch, CEO of Tages Capital, in the statement. “We are excited to be building on our partnership and believe this new UCITS macro fund further demonstrates Tages’ commitment to offering investors access to experienced, high quality differentiated managers and strategies.”

London-based Tages Capital is an specialist alternative asset management business with approximately $2.5 billion in assets under management. Representing the dedicated asset management arm of Tages Group, the company manages alternative multi-manager and single manager portfolios as well as investment strategies, including funds dedicated to hedge investing, infrastructure and energy. 

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