Trium Launches New Multi-Strategy Hedge Fund

Jun 11 2015 | 11:36am ET

Trium Capital has launched a new multi-strategy hedge fund aimed at providing investors with both liquid discretionary and quantitative strategies. 

The new fund, named the Trium Multi-Strategy Fund, was also seeded by Trium Capital, according to a press release. James Jarvis, who joined the firm from fund-of-funds manager PAAMCO in January to head the new effort, will manage the fund. He will lead a team of five.

The fund will initially consist of four books run by experienced investment specialists. The discretionary portion includes a fundamental long/short equity strategy and a special situations/opportunistic equity-biased strategy, while the quantitative side includes a systematic macro strategy and a statistical arbitrage strategy. All four exhibit low correlations, according to the statement. 

Trium said the new fund applies fees to overall performance rather than to each individual underlying strategy, an approach that effectively addresses to the problem of performance fee netting and closely aligns the interests of manager and investor.

“Starting with a blank sheet of paper has allowed us to implement an investor-friendly approach to multi-strategy,” said Jarvis in the press release. “By leveraging the wider Trium group infrastructure we have been able put together a highly experienced and complementary team with independent risk oversight.” 

Gareth James, CEO of Trium Capital, echoed Jarvis’s sentiments. “Trium Multi-Strategy offers something relatively rare… providing exposure to a diverse range of hedge fund strategies, but with a single performance fee that delivers real netting benefits. We have built the fund from the ground up to meet specific risk objectives.”

U.K.-based Trium is a specialist alternative asset manager operating a number of complementary hedge fund business lines, including incubation of hedge fund managers through the Trium Alliance and participation in the fast-growing liquid alternative space through its Ireland-domiciled Trium UCITS. 

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