La Française Global Investment Solutions (La Française GIS) has launched of a new multi-strategy long/short credit UCITS fund, LFIS Vision UCITS – Credit.
The fund goes beyond a traditional long-short approach, seeking to deliver “through-the-cycle” performance by investing opportunistically in a diverse portfolio under- or overvalued credit assets while minimising the risk of loss.
The fund is managed by La Française GIS’ Credit Strategies team, headed by Renaud Champion, and is run alongside the team’s established credit opportunities strategy, launched in June 2013. The fund's comprehensive, conviction-driven approach across credit markets leverages on the team's average of 16 years of credit experience, including on the buy- and sell-sides, and blend of asset management, investment banking and derivatives experience.
“Created in response to investor demand, the launch of LFIS Vision UCITS – Credit marks another important milestone in our growth,” says Sofiene Haj-Taieb, CEO and CIO of La Française GIS. “Since the creation of our initial alternative strategies in 2013, we have seen strong performance and the market reception for our funds has been excellent, both of which support our decision to open this new fund”.
Renaud Champion pictured), Head of Credit Strategies at La Française GIS commented: “Credit markets are characterised by different investment dynamics across the cycle and our multi-strategy, nimble approach enables us to exploit and combine these opportunities to deliver sustainable performance. With normalisation across credit markets far from homogenous, we are pleased to be able to welcome new investors wishing to take advantage of our predominantly relative value approach to credit investing”.
LFIS Vision UCITS – Credit is currently passported for sale in the UK and France with additional passporting in process. The Class EB, available to institutional “Early Bird” investors, features a management fee of 1 per cent and a performance fee of 10 per cent with a minimum subscription amount of EUR 1 million and is available in EUR, GBP, USD and CHF. Minimum investment amounts range from EUR 10,000 to EUR 1,000 for Class R shares. The Fund offers weekly liquidity. All share classes and share class currencies may not be currently activated.
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