Key Takeaways
- • Union Bancaire Privée (UBP) has partnered with Brigade Capital Management to launch a credit long/short strategy on its alternative UCITS platform, expanding its liquid alternatives offering to institutional investors.
- • The strategy, launched in September 2022, currently manages close to USD 100 million in assets under management and combines fundamental credit selection with structured credit expertise backed by Brigade's 33 sector analysts and 12 structured credit specialists.
- • The fund implements an active long/short credit approach designed to generate long-term capital growth across market cycles while integrating portfolio hedging mechanisms to mitigate market and default risk.
- • UBP's Nicolas Faller cited a "new market regime" positioning alternative credit strategies as increasingly relevant to institutional asset allocations, while Brigade's Don Morgan emphasized the current environment's capacity for experienced active managers to generate alpha in credit markets.
- • The partnership leverages Brigade's institutional credit expertise with UBP's UCITS platform infrastructure and distribution network, positioning the fund for broader European retail and institutional distribution channels.
Summary
Union Bancaire Privée has onboarded a new credit alternative strategy on its alternative UCITS platform through a partnership with Brigade Capital Management, LP, a globally recognized investment advisor specializing in credit-focused strategies. The fund, launched in September 2022, pursues a credit long/short approach and currently manages approximately USD 100 million in assets under management.
The strategy is structured to seek long-term capital growth across varying market conditions through a combination of fundamental credit selection and structured credit exposure. The investment approach integrates active portfolio hedging mechanisms designed to mitigate both market and default risk. Brigade's investment infrastructure supports the fund with a dedicated team of 33 sector analysts and 12 structured credit specialists, providing deep analytical capacity across both traditional and structured credit markets.
According to Nicolas Faller, Co-CEO of Asset Management at UBP, the partnership reflects strategic positioning around shifting market dynamics. "We have entered a new market regime that should put alternatives, and especially alternative credit strategies, back at the forefront of investors' asset allocations," Faller stated. He highlighted Brigade's experience across fundamental and structured credit as a significant value-add to UBP's existing alternative UCITS platform.
Don Morgan, Founder and Managing Partner of Brigade, emphasized the opportunity set in current market conditions. "We believe that the current environment sets up an experienced, active manager well for providing alpha across fundamental and structured credit markets," Morgan noted, citing UBP's platform infrastructure and distribution network as critical enablers for expanding Brigade's reach into the broader UCITS marketplace.
The partnership represents UBP's continued strategy of curating institutional-grade alternative managers onto its UCITS platform, enabling both European and international investors to access credit-focused alternative strategies through a regulated, liquid fund structure.
The strategy is structured to seek long-term capital growth across varying market conditions through a combination of fundamental credit selection and structured credit exposure. The investment approach integrates active portfolio hedging mechanisms designed to mitigate both market and default risk. Brigade's investment infrastructure supports the fund with a dedicated team of 33 sector analysts and 12 structured credit specialists, providing deep analytical capacity across both traditional and structured credit markets.
According to Nicolas Faller, Co-CEO of Asset Management at UBP, the partnership reflects strategic positioning around shifting market dynamics. "We have entered a new market regime that should put alternatives, and especially alternative credit strategies, back at the forefront of investors' asset allocations," Faller stated. He highlighted Brigade's experience across fundamental and structured credit as a significant value-add to UBP's existing alternative UCITS platform.
Don Morgan, Founder and Managing Partner of Brigade, emphasized the opportunity set in current market conditions. "We believe that the current environment sets up an experienced, active manager well for providing alpha across fundamental and structured credit markets," Morgan noted, citing UBP's platform infrastructure and distribution network as critical enablers for expanding Brigade's reach into the broader UCITS marketplace.
The partnership represents UBP's continued strategy of curating institutional-grade alternative managers onto its UCITS platform, enabling both European and international investors to access credit-focused alternative strategies through a regulated, liquid fund structure.
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