Heptagon Capital adds trio of Dublin Ucits to range

Asset management firm Heptagon Capital has launched three new Dublin-based Ucits funds run by US-based Driehaus Capital Management and WCM Investment Management, bringing Heptagon’s number of Ucits funds to 11.

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The London-based group, which has $9bn under management, raised $145m (£116.5m, €137.1m) for the Driehaus Emerging Markets Equity strategy in December, which is managed by Driehaus in Chicago.

The group also raised $25m for the Driehaus US Micro Cap Equity strategy.

Heptagon attracted $20m for its concentrated global equity strategy, managed by WCM Investment Management. WCM is based in California and manages over $15bn.

This is a high conviction portfolio of around 30 names, with a bottom-up, low-turnover approach, relying on fundamental analysis.

The new launches bring Heptagon Capital’s Ucits funds to 11. The group has also seen good flows into its value-driven Kopernik Global All Cap Equity fund, up 52% in 2016.

Kopernik has recently closed its US Mutual Fund channel to new business, but the Ucits vehicle remains unaffected.

People moves

Heptagon has made two new hires in its London office to support its institutional sales effort in the UK and European markets.

Michael Daly has joined as a vice president after five years at AllianceBernstein, along with David Bloch, a family office specialist with previous roles in Copenhagen and Zurich.

  

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