The Portfolio Management team has been managing discretionary accounts since 2003. Equita has a wellestablished relationship with Credem Group and has also worked with institutions such as Banca Esperia and Banca Generali over the years. Equita currently manages three discretionary accounts for Credem Group and a flexible fund launched by Euromobiliare Asset Management SGR, which is also part of Credem Group.
Our investment philosophy is based on concentrated portfolios, making strong bets on individual stocks and sectors backed by fundamental analyses and ongoing dialogue with the Research Team as well as regular meetings with the management teams of companies in the portfolio. Our valuation approach places great emphasis on downside risk in worst case scenarios
Recent initiatives and products
Management of "Euromobiliare Equity Mid Small Cap" fund
Equita, through its subsidiary Equita SIM S.p.A., manages the "Euromobiliare Equity Mid Small Cap" fund which raised nearly Euro 400 million in November 2018. This initiative confirms the partnership and trust relationship between Equita and the Credem Group. The fund, established by Euromobiliare Asset Management SGR (management company fully owned by Credem), has been fully placed by the Credem Group’s network to its clients.
The fund follows a “flexible” investment strategy, focusing its investments on equities of Italian listed companies – mainly small and mid-caps – in addition to a portion of European listed companies. The fund, now closed and with no additional subscriptions expected, has a tenure of 7 years. The return objective within the fund’s horizon is to increase the invested capital.
Distribution agreement with Blueglen Investment Partners
Equita has expanded its range of products thanks to the partnership signed in July 2018 with Blueglen Investment Partners Limited. Blueglen Investment Partners Limited, founded in 2016 by Guglielmo Sartori di Borgoricco and Chris Goekjian, is a multi-strategy alternative asset manager focused on European credit.
The fund, called “G10 Blueglen Equita Total Return Credit UCITS Fund” (or BETR), invests in junior tranches of collateralised loan obligations (CLOs), junior bonds and credit default swaps of primary European industrial and financial companies. Equita acts as the exclusive distributor for Italy.
The fund has a moderate leverage and has an annual return target (net of fees) of 5-6% in euro, four share classes (EUR, USD, GBP and CHF) and benefits from innovative investment and risk management strategies.