23 Sep Orfeo Capital registers its first investment fund geared towards absolute returns
Orfeo Capital continues to expand its product catalog. According to the Spanish CNMV (National Securities Market Commission), it has registered a new investment fund. It is called Orfeo Capital Universum and belongs to the absolute returns category.
It is the first investment fund to be managed by the firm, which in recent years has been the advisor of three investment vehicles: Universum Capital Sicav, Talentia Inversiones Integrales Sicav and Camera Capital Sicav. And just a few months ago it made the leap to become a management firm.
The goal of this product is to try to achieve a positive return in any market environment, subject to a maximum volatility of less than 10% per year. To achieve this objective, it will combine alternative or tactical management techniques mixed with global macro or fundamental analysis strategies with the aim of exploiting inefficiencies by identifying assets with prices below their fair value.
It could invest up to 50% of your equity in other ICIs. It will invest, directly or indirectly, between 0 and 70% of the equity exposure and the rest in public or private fixed income. The management of the debt part, yes, will be delegated to Credit Suisse Management. In addition, it can invest up to 10% of the total exposure in commodities through financial indexes.
Recently the management company has opened an office in Logroño,from where they will provide the services of listed asset management, private equity and M&A. They were already present in London, Mexico and Bogota.