Aubrey Capital Management, the Edinburgh and London-based specialist global equity manager, has announced it is launching the new SVS Aubrey Citadel Fund. A diversified, tactical, defensive income fund managed by Jon Gumpel aiming to provide investors with a yield of more than 3.2% and compounding growth and income returns.
Jon Gumpel and the Aubrey investment team will consider assets for the fund from a defensive, high-quality, liquid and straightforward universe while selecting companies able to generate attractive compounding returns or priced at attractive value with multiple drivers and catalysts.
Jon Gumpel has been managing similar strategies for over fifteen years with significant success. He is a multi-award-winning manager with over 25 years of experience managing conventional and alternative assets.
Before joining Aubrey in 2020, Gumpel was a co-founder at Brooks Macdonald. He led the investment approach at Brooks Macdonald for 20 years and launched and managed Brooks Macdonald’s Defensive Capital Fund for ten years, growing the strategy from £15m to £700m. During his time in charge of DCF the fund provided consistent defensive returns with strong Sharpe and information ratios.
Jon joined Aubrey in 2020 to develop a defensive low-cost income strategy with multiple sources of potential alpha, including direct equities, and recently won the mandate to manage a £50m third party fund. The strategy provides Jon with analyst support from the widely recognised Aubrey equity and convertible teams. Together, the team seek to add value through active management of positions and overall tactical positioning.
The SVS Aubrey Citadel Fund will invest in equities, bonds and a range of alternative assets to provide compounding growth and income returns over the medium term, with volatility risk aimed to be between 30-50% of equity markets. Jon will be making a significant investment into the Aubrey fund to ensure full alignment with investors.
A founder share class offer is available until the fund reaches £40m of assets under management.
Aubrey Director Jon Gumpel commented, “I’m delighted to announce that we’re now launching the Aubrey Citadel Fund to retail and institutional investors. Defensive investors face a range of challenges in today’s markets, and we are seeking to provide an attractive defensive and diversified option to help them. The fund is focussed both on shorter term protection of capital as well as on longer term capital maintenance and income growth, to do this at low cost with a full range of conventional and alternative assets, and with scope for additional alpha and diversification from the Aubrey equity engine. I am very excited about fund and pleased with the performance of the strategy to date.”
