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Fair Oaks Capital Launches Global CLO UCITS Fund

Fair Oaks Capital has launched a new UCITS-compliant global collateralized loan obligation fund in conjunction with the Alpha UCITS platform.

The new fund, named the Fair Oaks Dynamic Credit Fund and launched on September 13, is the first UCITS vehicle to offer global exposure to senior secured corporate loans through investments in rated CLO securities, the company said in a statement.

The fund targets 5% per annum annual returns and will be actively managed with an emphasis on bottom-up fundamental credit analysis. Positions will reportedly concentrate on long-only exposure to investment-grade CLOs with no leverage at the fund level.

Other characteristics of the fund include daily NAVs, weekly liquidity and share denominations in dollar, pound, Swiss Franc and euro. It is domiciled in Luxembourg as part of Alpha UCITS’s SICAV. Alpha was founded in 2009 by former Brevan Howard executive Stephane Diederich, making it one of the oldest absolute return UCITS distribution and structuring platforms.

“We are delighted to launch the first UCITS fund focusing on the global CLO market,” said Miguel Ramos, partner of Fair Oaks, in a statement “We believe the Fair Oaks Dynamic Credit UCITS Fund will offer attractive portfolio benefits to any fixed income investor.”

“The strategy offers a good spread pick-up and diversification to corporate bonds and other credit assets,” he added. “It is well suited for this stage of the credit cycle.”

Based in London, Fair Oaks was founded in 2014 by Ramos, his former colleague at GSO Capital Partners/Blackstone Roger Coyle, and former Stone Tower Capital founders Anthony Edson and William Sheoris. The firm has invested close to $1 billion in the CLO asset class over the past two years.

“It has come to our attention that an organisation called Fair-OaksCrypto, which appears to be operating from France, is using the Fair Oaks name and its prior address (67-68 Jermyn Street, London SW1Y 6NY, London) on its website www.fair-oakscrypto.com.

Neither Fair-OaksCrypto nor the website www.fair-oakscrypto.com is connected to Fair Oaks Capital Limited, or any other entity within the Fair Oaks group, in any way.

If you receive a call from the telephone number +33 9 70 73 43 94 or an email from the domain @fair-oakscrypto.com then please be aware such communication has not been made by Fair Oaks Capital Limited or any other entity within the Fair Oaks group.

Fair Oaks Capital Limited has no offices or joint venture partners in France. If you have any questions or concerns regarding this matter, please contact Fair Oaks Investor Relations on ir@fairoakscapital.com or +44 (0)20 3034 0400.”

Il a été porté à notre attention qu’une organisation portant le nom de Fair-OaksCrypto et semblant avoir son siège social en France, se sert du nom de Fair Oaks et de l’adresse précédente de Fair Oaks (67-68 Jermyn Street, Londres, SW1Y 6NY) sur son site web www.fair-oakscrypto.com.

Ni Fair-OaksCrypto ni le site web www.fair-oakscrypto.com n’est lié à Fair Oaks Capital Limited, ni en aucune manière à toute autre entité se trouvant au sein du groupe Fair Oaks.

Si vous recevez un appel du numéro téléphonique +33 9 70 73 43 94 ou un courriel émanant de la domaine @fair-oakscrypto.com, nous vous mettons en garde qu’une telle communication ne provient pas de Fair Oaks Capital Limited ni d’aucune autre entité se trouvant au sein du groupe Fair Oaks.

Fair Oaks Capital Limited n’a ni de bureau ni de partenaire en France. Si vous avez des questions ou des soucis à cet égard, vous êtes priés de contacter Fair Oaks Investor Relations à ir@fairoakscapital.com ou +44 (0)20 3034 0400.”