Swiss private bank Union Bancaire Privée, or UBP, has developed a partnership with New York-based Brigade Capital Management to expand its offering of credit-focused investment products. A new fund, U Access (IRL) Brigade Credit Long Short Ucits, launched in September and has close to 100 millions dollars under management.
The fund seeks long-term growth of capital through all market environments, the firm said in a press release. It implements a long/short credit strategy that combines fundamental credit selection with structured credit and integrates an active approach to portfolio hedging to mitigate market and default risk. It is supported by Brigade’s investment team, including 33 sector analysts and 12 structured credit specialists.
“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 asset management at UBP, said. “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.”
’Providing alpha’
Through its cooperation with UBP, Brigade said it managed to extend its alternative credit platform to the wider Ucits market place. “The current environment sets up an experienced, active manager well for providing alpha across fundamental and structured credit markets,” said Don Morgan, founder and managing partner of Brigade. “UBP’s thoughtful and diverse platform, and their proven distribution network, make them the ideal partner for this exciting new initiative.”
As a Swiss private bank, UBP is specialised in the field of wealth management for both private and institutional clients. UBP is based in Geneva and employs 1,960 people in over twenty locations worldwide; it holds 140.4 billion Swiss francs in assets under management.
SEC-registered Brigade, founded in 2006, acts as investment adviser and alternative asset manager focused on credit, managing a diverse capital base for institutional investors. The firm is headquartered in New York with a global footprint that includes offices in London and Colorado.