Sciens Adds Eiffel Long/Short Euro Credit Fund to Platform

Dec 6 2013 | 10:29am ET

Sciens Alternative Investments has added a long/short European credit fund to its managed accounts platform.

Eiffel Credit Opportunities, which will be replicated in a new cell on the Sciens Managed Account Platform, makes discretionary investments in credit instruments of European corporate and financial institutions, using bonds, loans and CDS. The strategy relies on a bottom-up, research-driven approach for credit selection reviewing a wide universe of potential managers to focus on a very select group.

The portfolio will consist of a limited number of high conviction catalyst-driven long and short core positions, plus more opportunistic trading positions. Deployment and exposure are managed dynamically with reference to credit market regime. 

The benchmark fund was launched on 1 December 2011 and gained 20.1% in 2012 with a Sharpe ratio of 2.3. Eiffel Credit Opportunities is backed by a pool of large European institutional investors, through a vehicle managed by NewAlpha Asset Management, a leading global seeder.

Said Fabrice Dumonteil, founder and CEO of Eiffel Investment Group, in a statement: “We believe that European markets continue to offer very attractive opportunities in relative value strategies, with the European economic cycle lagging behind the US and European banks’ need to further deleverage.

“The sovereign crisis and the long-lasting European unification process, which should continue to be slow and chaotic, provide a compelling backdrop for our strategy, with shorter economic and market cycles. We are seeing, and anticipate in the coming years, a wealth of opportunities within smaller, second-tier situations which are often misunderstood by the market and not on the radar screen of larger funds. It is exactly these sorts of below-the-radar opportunities, unearthed through in-depth research, that we believe Eiffel Investment Group is perfectly positioned to identify and exploit, as a local manager at the heart of the Eurozone.”

Eiffel Investment Group spun out of the Louis Dreyfus group in mid-2011. The independent firm, owned by its team alongside former Louis Dreyfus group chairman and CEO Jacques Veyrat, manages over €300 million of proprietary and third-party assets in a range of absolute return strategies: long-short credit, long-short sector-focused equity and longer-term credit.

Sciens Capital Management Group is an independent alternative asset manager with approximately US$5.6 billion in assets through its funds of hedge funds, advisory, private equity and real assets platforms.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.