Nara Capital Reach $100m in AUM Following Strategic Investment by Tages Capital12 October 2017
New York, 5 October 2017: Nara Capital, a New York based investment manager founded by Charles Smart and Paride “Alex” de Calice, announced today that it has entered into a strategic relationship with Tages Capital.
Nara Capital is led by CEO and CIO, Charles Smart. The firm’s 6 founding partners have an average 8-years working together managing hedge fund assets. Nara Capital was founded in 2016, and manages more than US$100 million. The Nara Capital Master Fund formally launched in April, 2017 with support from a broad base of global investors.
Nara Capital seeks to derive returns through identifying relative value opportunities in mortgage and asset-backed securities, securities that have concentrated exposures to specific credit and pre-payment risks. Portfolio construction relies heavily on integrated risk management, and on the fundamental negative correlation between pre-payment and credit risk premia, to target high current income generation relative to anticipated return volatility, while allowing for specific positioning to capture identified asymmetric pay-out opportunities.
Prior to founding Nara Capital, Mr. Smart was a Principal and a Senior Portfolio Manager at Structured Portfolio Management (“SPM”) of Stamford, CT, where he was portfolio manager of that firm’s flagship fund, and was responsible for co-managing the firm’s nearly $4 billion fixed income assets under management. Messrs. Smart and de Calice each spent 8 years at Structured Portfolio Management. Mr. Smart has more than 25 years of industry experience, and has traded MBS Derivatives at various investment banks including Deutsche Bank, FTN Financial, and Nomura Securities, where he was Head of MBS Trading.
Charles Smart, Co-Founder and CIO of Nara Capital, said:
“Nara is excited to partner with Tages, and to access their expertise and guidance in launching our fund. Nara’s analytical, risk-focused strategy is positioned for significant opportunities in a shifting environment for specific structured products. With the support of Tages, Nara’s team of experienced investment professionals can deliver to investors the rewards of our established, successful strategy with the benefits of an emerging manager's focus and vigor.”
Mark de Klerk, Head of Seeding Strategies at Tages Capital, said:
“We are extremely pleased to have been able to partner with this professional team who have previously worked together and have such extensive expertise in the U.S. mortgage space. As one of Europe’s most active seed investors, we are always on the lookout for strategies which fit well into our institutional client portfolios. In this case we have seen particular interest from insurance clients who appreciate that this specialist role can harvest attractive risk adjusted returns through the cycle.”
Tages Helios Fund Concludes €360 Million Financing Of The Sunreserve Portfolio14 July 2017
Tages Capital SGR announces that the Tages Helios Investment Fund (“Tages Helios” or “the Fund”), an alternative investment fund specialising in the solar infrastructure sector, has completed financing of the SunReserve portfolio. The portfolio, acquired in August 2016 from First Reserve Energy Infrastructure, consists of nine renewable energy plants with a total power capacity of 101 Mega Watts (MW).
Tages Capital Launches Macro UCITS Alternative Fund with Atreaus Capital12 July 2017
Tages Capital LLP. (Tages), in partnership with New York-based alternative investment manager, Atreaus Capital, LP (Atreaus), today announced the launch of the Tages Atreaus Macro UCITS Fund (the Fund). This comes as the UK-based investment manager continues to expand its UCITS compliant alternative investment fund range.
Tages Capital Launches Fourth Single-Strategy UCITS Alternative Fund - Tages Rotella UCITS Fund05 July 2017
Tages Capital (Tages) in partnership with Chicago & Bellevue based Rotella Capital Management (Rotella), is pleased to announce the launch of the Tages International Funds SICAV – Tages Rotella UCITS Fund. This will be the fourth sub-fund of Tages International Funds SICAV, a UCITS-compliant umbrella fund structure domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Tages Helios Investment Fund Announces Final Closing Taking Committed Capital To Over €250 Million22 June 2017
Tages Capital SGR is pleased to announce the final closing of Tages Helios Investment Fund (“Tages Helios ” or the “Fund” ) with committed capital of €253 million . Tages Helios is a renewable energy investment fund focused exclusively on the Italian solar infrastructure sector and represents o ne of the largest fundrais ing s dedicated to the sector.