Tages Capital Debuts New Single-Strategy UCITS Fund

May 17 2016 | 6:23pm ET

Tages Capital, the asset management business of the Tages Group, has launched a new global credit UCITS fund in tandem with New York-based long/short credit manager Fore Research & Management. 

The new fund, the planning for which was first announced in March, will form the first sub-fund of the company’s Luxembourg-domiciled Tages International Funds SICAV, according to the company. 

“Tages is delighted to be partnering with Fore Research & Management who we have been invested with for many years, “ said Jamie Kermisch, CEO of Tages Capital, in a statement. “With significant capital invested at launch, we believe that the Tages Fore UCITS Fund provides investors with access to a highly experienced team and a fund that offers flexibility…at a time of higher market volatility and global economic uncertainty.”

Tages, which has become one of the most active seeder firms in Europe, has been focusing on the fast-growing UCITS and infrastructure fund segments for some time, due partly to the demand in Europe for them. According to Kermisch, the launch of the Tages Fore UCITS Fund will be followed by additional fund launches designed to offer investors access to a wide range of absolute return strategies managed by exceptionally skilled fund managers. 

Operating since 2011, Tages Capital manages approximately $2.3 billion as the asset management arm of $6.5 billion manager Tages Group. The firm manages alternative multi-manager and single manager portfolios and funds.

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