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Fair Oaks launches CLO focused fund on Alpha UCITS platform

Fair Oaks Capital has partnered with the Alpha UCITS platform to launch the first UCITS fund focused on the global collateralised loan obligation (CLO) market.

The Fair Oaks Dynamic Credit Fund is the first UCITS fund to offer global exposure to senior secured corporate loans through investments in rated CLO securities.

The fund expects to complete the launch of its initial share class on 28 September 2016 at circa EUR150 million.

The fund will be actively managed by Fair Oaks, with a strong emphasis on bottom-up fundamental credit analysis. It will primarily seek exposure to investment-grade rated CLO securities on a long-only basis and with no leverage used at the fund level.

The fund will target 5 per cent per annum net returns, offering weekly liquidity (with daily NAV pricing).

Alpha UCITS Ltd is a London based company founded in 2009 by Stephane Diederich, formerly a partner at Brevan Howard Asset Management.

Miguel Ramos Fuentenebro (pictured), partner of Fair Oaks, says:

“We are delighted to launch the first UCITS fund focusing on the global CLO market. We believe the Fair Oaks Dynamic Credit UCITS Fund will offer attractive portfolio benefits to any fixed income investors. The strategy offers a good spread pick-up and diversification to corporate bonds and other credit assets. It is well suited for this stage of the credit cycle.”

Diederich adds:

“Fair Oaks Capital organised a very thorough due diligence in order to launch its first UCITS fund and we are very pleased that Fair Oaks has chosen Alpha UCITS as its structuring and distribution partner. We are particularly excited to offer the Fair Oaks CLO strategy to investors as the strategy is an innovation in the UCITS world and as CLOs are well suited for the current interest rate and credit environment.”

Fair Oaks is one of the most active investors in CLOs having invested close to USD1 billion in the 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.”