Heptagon currently has $8bn (£6.3bn, €7.5bn) under management focused on institutional investors, family offices and ultra-high net worth individuals.
Provisca’s plan is to put Heptagon’s Irish Ucits fund range on international platforms and spread the word to financial advisers based around the world.
The hithertoo institutionally focused firm’s specialist equity managers currently run 11 strategies including three funds that are in-house and eight funds that are sub-advised by managers that Heptagon partners with.
One of the funds is Kopernik Global All Cap Equity Fund, managed by Florida-based value investor Dave Iben who Provisca said is very well-known in the US with a great track record, amassing $2.5bn in his broadly invested strategy.
While Kopernik plans to soft close the US mutual fund channel, the mirror Ucits fund vehicle remains unaffected and open to the clients of international advisers, Provisca said.
Two other US-based managers highlighted by Provisca in the Heptagon Ucits fund range are WCM Investment Management, an employee-owned asset manager based in California which manages over $15bn; and Driehaus Capital Management, the Chicago-based privately-held asset management firm which has over $8bn under management.
The funds are respectively the WCM Global Equity Fund and Driehaus Emerging Market Equity Fund and Driehaus US Micro Cap Fund.
Provisca marketing director, Bryan Low, said: “Many international advisers are already familiar with Driehaus’ strong Emerging Market Equity and US Micro Cap capabilities. The Driehaus US Micro Cap strategy has outperformed in 18 out of its 20 years of existence and its composite is the top-performing US equity strategy of any style in the eVestment All US Equity Universe over that period.”
The Heptagon Ucits fund range also features three other US-based specialist equity managers, Cushing Asset Management, Nicholas Company Inc., and Yacktman Asset Management.
In other regions, Harvest Global Investments, part of one of the largest asset managers in China is the sub-investment manager appointed to the Heptagon Harvest China A Shares Equity Fund.
Nigel Watson, Provisca’s sales director, said: “Provisca’s partnership with Heptagon provides the opportunity for IFAs to access some highly attractive funds from managers not normally available in the international retail space. The funds are all Uctis, daily dealing and fully liquid and therefore permissible through all usual investment platforms and life companies.
“Whilst multi asset solutions have been in favour, the Heptagon range of funds offer great investment opportunities as a satellite hold to more passive core holdings, widening portfolio diversification with the potential to add alpha to a client’s investment.”
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