KLS Corinium Emerging Markets Equity Fund

Kepler Partners LLP adds 7th fund to its KLS platform with the launch of a new long only emerging markets equity fund managed by Kepler CIO Ed Butchart, raising $69m of external seed capital.

The KLS Corinium Emerging Markets Equity Fund has launched to give investors access to a best ideas portfolio of 30-35 equities from across the emerging markets. This is a benchmark agnostic approach driven by a very disciplined and established investment process that Ed and the team have refined over his 25 years investing in emerging markets. The new fund is the second to be run by the Kepler Emerging Markets team, complementing the more defensive ‘all-weather’ KLS Emerging Markets strategy that Ed and team have managed since 2017.

The new fund is an Article 8 Fund under SFDR with the team having built a proprietary ESG scoring system based on internal research to promote environmental, social and governance characteristics. ESG ratings coverage is still evolving across the emerging markets, highlighting the importance of a robust internal process and the willingness to engage with corporates on such an important subject.

Ed Butchart commented on the launch:

“We are excited to have a long only fund to complement the existing strategy the team and I have been managing in various forms since 2013. We are optimistic about the timing, with attractive opportunities in a number of areas in the emerging markets. Export growth provides a robust tailwind, prompted by the widest global supply/demand gap for decades. Earnings are continuing to rise, and valuations are not overstretched.”

Tom Trotter, Senior Partner and Head of Sales at Kepler, said:

“We are delighted to have successfully launched the KLS Corinium Emerging Markets Equity Fund, to complement the existing strategy Ed and the team manage. Through this fund, investors are getting exposure to a ‘best-ideas’ portfolio which combines a very disciplined investment process and benchmark agnostic approach to the emerging markets. We feel now is a really opportune time for active managers and we are excited about the future for this fund.”

Important Information:

 Capital at risk. The value of investments and the income from them can go down as well as up. Investors may not get back the amount they have invested. Past performance or targets are no guarantee of future results.

This press release is not intended as and does not constitute an offer to sell, or a solicitation of any offer to buy, shares in the KLS Corinium Emerging Markets Equity Fund or any other products or service. Any subscription for shares in the KLS Corinium Emerging Markets Equity Fund must be made solely on the basis of the Fund’s Prospectus and key information documents. No offer of any interest in any product will be made in any jurisdiction in which the offer, solicitation or sale is not permitted, or to any person to whom it is unlawful to make such offer, solicitation or sale. This press release is for information purposes only and should not be relied on in making any investment decision. It does not constitute investment advice or a recommendation to participation in any investment activity.


Notes for editors:

Kepler Partners LLP is authorised and regulated by the Financial Conduct Authority as anauthorised investment manager. Our investment vehicle – Kepler Liquid Strategies (KLS) is a Dublin domiciled UCITS umbrella platform with currently 7 funds and $2bn AUM.

The KLS Emerging Markets Funds was launched in 2017 and Sloane Robinson the appointed sub-advisor, managed directly by Ed Butchart to replicate a Cayman strategy Ed and the team managed from 2013. When Sloane Robinson ceased trading in December 2020 Ed and his team joined Kepler Partners to continue to manage the KLS Emerging Markets Fund.

The other funds are: KLS Arete Macro Fund ($1.5bn), KLS Athos Event Driven ($72m), KLS Emerging Markets Fund ($63m). KLS Ionic Relative Value Arbitrage ($265m), KLS SGA US Large Cap Fund ($34m) and KLS Niederhoffer Smart Alpha ($51m).

We launched our Kepler Liquid Strategies in 2016 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 we provide advisory services to our clients and 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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