Following the addition of a new managed account last month, Islandbridge Opportunities Strategy assets are now close to $50mn, underlining the fund’s strong start to 2017. As a result, we are now looking at levels to close the founder’s share class which offers fees of 1%/10%. Once this share class is closed, fees are anticipated to revert to 1.5%/20%. In addition, the team has also recently won a its largest Outsourced CFO mandate yet, which is in excess of $500mn.
The outlook for 2017 is exciting across the business. Following a return of over 14% in the second half of last year for the Islandbridge Opportunities Fund, the team continues to see more opportunity as the market continues to undervalue the potential of some strong domestic companies. We are seeing increased M&A activity in the UK small to mid-cap space, driven by the weak pound, quality businesses and cheap valuations. In addition, the team continues to build their overseas research universe within their key areas of industry expertise such as renewables, industrials and real estate.
Please feel free to get in touch if you would like to learn more about our views for the year ahead on firstname.lastname@example.org.