KLS Funds

London, 22 November 2023 – Kepler Partners LLP is delighted to announce the intention to launch a new Market Neutral UCITS fund on its Kepler Liquid Strategies (KLS) UCITS platform, with Scopia Capital Management LP, a New York based hedge fund manager.

Scopia was founded in 2001, and for a period of over two decades, the Scopia Market Neutral Strategy has demonstrated its ability to generate significant and uncorrelated returns. The senior team has deep experience and a well-tested, fundamental investment process. We look forward to bringing the strategy into UCITS format with a targeted launch at the end of Q2 2023. Some brief comments on the strategy:

Scopia Market Neutral Strategy

• Scopia was founded in April 2001 by Jeremy Mindich and Matt Sirovich.

• The team of 26 employees is based in New York and is made of up 14 investment professionals. The team is led by the two founders, alongside Managing Partner and Deputy-CIO Jerome Lande.

• The strategy employs a fundamentals-based, value driven, equity market neutral approach (typically +/- 5% on a beta adjusted basis).

• An experienced investment team with specialisation across sectors and a focus on mid-cap opportunities in consumer/retail, financials/business services, healthcare, industrials and technology/telecom sectors.

• The strategy launched in April 2001 and has generated consistent returns while displaying low correlation to traditional asset classes through multiple market cycles.

• The proposed UCITS fund will be daily dealing and closely track the Scopia Market Neutral Strategy. Competitive seed terms are available for founder investors.

Tom Trotter, Partner at Kepler Partners commented, “As part of our continued objective to offer high calibre managers in UCITS format, we are delighted to be partnering with Scopia Capital Management LP to launch their market neutral equity strategy. The team at Scopia bring tremendous experience and a long-term track record to the market neutral UCITS universe. In the current environment, we are pleased that the strategy provides an uncorrelated return stream to traditional asset classes and has been particularly strong in the most recent period of uncertainty.”

Jeremy Mindich of Scopia added: “The present opportunity set and investing environment are among the most attractive we’ve seen in Scopia’s 22 year history, and are well-suited, in our view, to our focus on market neutrality and idiosyncratic alpha generation. We’re excited to partner with Kepler on offering Scopia’s strategy to the UCITS market.”

-ENDS-

Contact
Tom Trotter, Partner
tom@keplerpartners.com
+44 (0) 203 384 8793

Other funds on the KLS platform
The new launch joins five existing alternative sub-funds on the KLS Platform: KLS Arete Macro, KLS Athos Event Driven, KLS Corinium Emerging Markets All Weather, KLS Ionic Relative Value Arbitrage and KLS Niederhoffer Smart Alpha UCITS. In addition there are two long only equity funds on the KLS Plaform, KLS Corinium Emerging Markets Equity and KLS SGA US Large Cap Growth.

About Kepler Partners LLP
Kepler Partners has been active in the alternative UCITS space since its infancy in 2009, and has witnessed at first hand the development of this universe of funds. In 2016 we launched our UCITS platform, Kepler Liquid Strategies, with the express aim of partnering with best-in-class alternative managers to launch and distribute their UCITS strategies to our network of investors. Our approach to manager selection is underpinned by a rigorous research process, central to which is our fund database www.absolutehedge.com. This research database is designed as a central point of reference for both managers and allocators interested in the alternative UCITS universe and forms a key part of our manager selection and product design process. To bring our research to life we host a wide range of conferences designed to drive engagement with the buyers of alternative UCITS funds in both the UK and Europe.

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