Oceanwood and Alma Capital launch Alma Platinum IV Oceanwood Opportunities

Submitted 22/09/2021 - 12:18pm

Oceanwood, one of Europe’s longest running Event Driven managers, has partnered with Alma Capital, a UCITS platforms, to launch a UCITS version of the flagship Oceanwood Opportunities strategy.

The Alma Platinum IV Oceanwood Opportunities Fund follows an equity-focussed event-driven strategy, investing predominantly in liquid mid to large cap equities in Europe. The fund is expected to reach AUM of EUR 250-300mm in the launch phase, placing it as one of the most notable UCITS strategy launches this year. With the strong integration of ESG practices within the investment process, the Fund is compliant with Article 8 of the SFDR regulation.

The Fund launch is anchored by a European insurance company, together with several family offices, as well as Partners’ capital. A number of other private banks are expected to follow after day-one, particularly given the appetite from private wealth clients for Event Driven alpha strategies, fully incorporating ESG processes.

Oceanwood has been running this UCITS implementation of the strategy since mid-May as one of the sleeves of the Alma Platinum IV UBS Multi Strategy Alternatives fund, with low net exposure and a concentrated book.

Christopher Gate, who launched Oceanwood in 2006 following his spin-out from Tudor Capital where he led Event Driven investing, saisaysd: “We are seeing a phenomenal opportunity set for investing in Europe, driven by macro tailwinds and the increased impetus from European companies to create significant value through corporate restructuring, break-ups and spin-offs. Throughout my 30-year career, this is one of the best periods I have seen for Event Driven investing in larger liquid companies, and we’re delighted to bring this strategy to the European investor base.”

Henri Vernhes, CEO of Alma, says: “We are excited to partner with such a reputable manager in the European event driven space and we hope to continue to add value to our clients’ portfolios through such products. The combination of the exciting market opportunity, Oceanwood’s experienced team, compelling strategy and ESG integration are all factors driving the significant interest we are seeing already pre-launch.”

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