Union Bancaire Privée onboarded on its alternatives UCITS platform a new credit alternative fund managed by Brigade Capital Management.
Launched in September 2022, the U Access (IRL) Brigade Credit Long Short UCITS fund has close to $100 million in assets.
The long/short credit strategy combines fundamental credit selection with structured credit and integrates an active approach to portfolio hedging to mitigate market and default risk. Supported by Brigade’s investment team, which includes 33 sector analysts and 12 structured specialists, the fund seeks long-term growth of capital through all market environments.
“We have entered a new market regime that should put alternatives, and especially alternative credit strategies, back at the forefront of investors’ asset allocations,” Nicolas Faller, co-CEO of Asset Management at UBP, said. “In this context, we are thrilled to be partnering with Brigade, a renowned institutional player in the credit space, for the latest addition to our alternative UCITS platform. Brigade’s vast experience in both fundamental and structured credit, and the team’s innovative investment approach will add considerable value to our existing set of strategies. We look forward to a long and successful partnership with Brigade.”
Founder and Managing Partner of New York-based Brigade Capital Management Don Morgan added that the firm saw the current market as providing alpha across fundamental and structured credit markets.
“UBP’s thoughtful and diverse platform, and their proven distribution network, make them the ideal partner for this exciting new initiative,” Morgan added.
UBP has roughly $16 billion in alternative investment assets of which $1.2 billion are within the liquid alternatives platform as of yearend 2022. The Brigade fund is part of a growing number of UCITS offerings linked with experienced portfolio managers. Other funds on the platform include: U Access (IRL) Trend Macro; U Access (IRL) Cheyne Arbitrage UCITS; U Access (IRL) GCA Credit Long/Short UCITS; U Access (IRL) Shannon River UCITS; U Access (IRL) Campbell Absolute Return UCITS; and U Access (IRL) Bain Capital Global LS Sustainable UCITS.
