Lead manager on the fund is Drew Edwards, who previously oversaw three funds at Advisory Research and now serves as chief executive officer at Usonian.
In this new Ucits approach, Edwards will focus on inefficiencies in the Japan equity market using a bottom-up, value-focused approach. He will target undervalued and profitable stocks.
Edwards will invest with a long-term perspective and attempt to run with a lower total volatility than the benchmark. The fund is market-cap agnostic and will target small- and mid-cap opportunities as well.
Commenting on the launch, Edwards said: ‘We are strong believers in the long-term potential of Japanese equities, which are arguably one of the world’s most undervalued and inefficient asset classes, and this Fund provides access to this market in a regulated and transparent vehicle.’
The newly launched fund will sit on the Skyline Umbrella Fund ICAV platform and has initial capital of $100 million with Old Mutual Wealth’s Cirilium portfolios as an anchor investor in the fund. The distributor for the fund is J & E Davy, and the European sub-distributor is Aravis Capital.
Usonian Investments LLC is an independent and 100% employee-owned investment management firm founded in August 2017. It is headquartered in Chicago with a Tokyo representative office.
Source: CityWire Selector