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Steamboat Capital Partners launches on Sciens MAP

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Steamboat Capital Partners has launched its event-driven, long-short strategy on the Sciens Managed Account Platform. Steamboat is a fundamental, value oriented investment firm that specialises in undervalued and catalyst driven investments.

The vehicle on the Sciens Managed Account Platform follows an opportunistic investment strategy primarily in US listed equity and debt securities across the market capitalisation spectrum, industry sectors and capital structures, with a focus on capital preservation. The strategy is deploying minimal leverage and has a long term investment horizon. The portfolio is concentrated in high conviction ideas on both the long and the short sides.
 
The strategy is being led by Parsa Kiai, Steamboat’s Portfolio Manager. Since the inception of the strategy in July 2012, it has generated an annualised return of over 19 per cent with a Sharpe ratio of 3.2 and volatility of 6 per cent.
 
Kiai says: “While we are pleased with our current portfolio, we continue to see interesting opportunities on both the long and short sides. At this point, the pipeline of ideas on the short side of the portfolio has become particularly rich. We think a number of these opportunities may bear fruit in the coming quarters.”
 
John Rigas, CEO, and Ioannis Bitsios, Portfolio Manager, of Sciens Capital, say: “We are delighted to announce the launch of the SGAS PCC Ltd – Scarlet Omega (Steamboat) Cell on our managed account platform. The strategy has generated very strong risk-adjusted returns since inception, with alpha from both the long and the short sides of the portfolio. Significant outperformance in periods of equity market turmoil and a differentiated stock selection process with limited position overlap with other hedge funds has led to relatively low correlation to equity markets and peers.
 
“We are excited about growing our relationship with Steamboat Capital given their proven record of superior stock selection and alpha generation and their ability to capture opportunities in the event driven space and benefit from increased levels of corporate activity in North America.”
 
The Guernsey Managed Account Platform was launched in November 2001, and has recently been enhanced with a fully compliant AIFMD platform based in Ireland. Sciens remains true to its goal of discovering and launching high quality emerging managers who are on the path to become the next big name of the future.
 

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