TrinityCapM Ltd has launched its first institutional hedge fund product, the company announced at the Italian embassy in London.
TrinityCapM has enhanced the quantitative down-side risk investment process that the team developed earlier in their careers to manage both hedge funds and specialized institutional mandates. It is now beginning a global marketing campaign for its new Global Target Plus hedge fund and Global Enhanced Liquidity products to international institutional investors.
“We are delighted that Monte Paschi Asset Management (MPAM – the asset management company of Banca Monte dei Paschi di Siena) joined our company as a new shareholder. It is an honor for our new venture to be backed by the oldest bank in the world,” said Victor Filatov, founding chairman of TrinityCapM.
“We have designed our two first products to attract both sophisticated institutional investors including central banks and supranationals, several of whom are former clients, as well as funds of funds that are looking for new managers with consistent low double digit returns in fixed income.” The Global Enhanced Liquidity product targets 1% over Libor, with around 0.5% annualized volatility. The Global Target Plus hedge fund has a net target return of 10% to 12% per annum and has US$, Euro and Yen currency share classes. The Euro share class has been seeded with EUR25 million.
“It is an important part of our overall banking group’s strategy for MPAM to extend what it offers to institutional investors,” Stefano Bellaveglia, deputy chairman of Banca Monte dei Paschi di Siena and chairman of Monte Paschi Asset Management said. “We are pleased and encouraged by this latest addition to the range of world-class investment products and services being offered to the group’s institutional client base.”