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New~ Butler Investment Managers new European High Yield LongShort hedge fund launches with EUR 100m

2017-06-12 16:03 [INVESTING] Source:Netword
Guide:Butler Investment Managers UCITS fund launches with day 1 assets in excess of €40 million with additional commitments to exceed €100 million in the

  Opalesque Industry Update - Butler Investment Managers is an asset management company, part of the Butler Industries Group, founded in 1991 by Walter Butler. In May 2017, the company launched the Butler Credit Opportunities UCITS Fund (BCO), a European High Yield Long/Short fund, on ML Capital's flagship UCITS umbrella, the MontLake UCITS Platform ICAV. BCO will target net annualised returns of 8% to 10% and a volatility below 5%.

The New vehicle will be managed with the same expertise and investment team as the WB Opportunities Fund that has demonstrated outstanding returns in all market conditions since its inception in 2009. With the same targeted returns as BCO, the WB Opportunities Fund, has been able to consistently deliver on its investment objective since inception.

BCO launched with day 1 assets in excess of €40 million with additional commitments to exceed €100 million in the coming weeks from European clients, based in Benelux, France, Germany, Switzerland and the UK. With a fund capacity of €600 million, we are already beginning to experience investors reserving capacity for their clients.

The portfolio management team (Laurent Kenigswald, Olivier de Parcevaux and Cyril Furtak) have worked together as a team managing hedge funds since 2005, through a variety of changing economic cycles including the global Financial crisis. The team has a proven ability to generate best-in-class risk-adjusted returns both in bull and bear markets by using a unique investment approach, placing risk management and preservation of capital at the centre of portfolio management.

The strategy concentrates primarily on trading outright Long and Short bonds, Relative Value Opportunities and Special Situations, with well-diversified hedging. The Fund will principally invest in the most liquid bonds within the European High Yield market.

Laurent Kenigswald, Butler Investment Managers, Chief Investment Officer, commented: "We seek to capture the upside when conditions are supportive and limit the downside when markets become more challenging. We constantly search for trading opportunities to generate positive returns. With current uncertainty and rising risks, being able to protect capital whilst still generating solid absolute performance will be even more critical to investment portfolios."

Walter Butler, Founding Partner of Butler Investment Managers, said: "The launch of the BCO UCITS fund has received very positive interest from European investors and will enable us to accelerate the development of our asset management platform."

Cyril Delamare, ML Capital's, Chief Executive Officer, commented: "We are extremely delighted to have partnered with Butler Investment Managers to launch the Butler Credit Opportunities UCITS Fund. We have every confidence in the team's proven European Credit Long/Short ability, and that their focus on capital preservation will continue to meet the demands of investors in this asset class today."

Butler Investment Managers is a company created in 2008 by Walter Butler, owner and founder of Butler Industries set up in 1991. The Group operated on three major asset classes: private equity with Butler Capital Partners/Butler Industries, credit markets with Butler Investment Managers and real estate with Corum/Butler Real Estate.  

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