NEW YORK--(BUSINESS WIRE)--GemCap Investment Funds (Ireland) Plc (GIF plc) is one of the leading UCITS fund platforms in Ireland; and the addition of Third Avenue Management (“Third Avenue”), as an investment manager, has pushed assets under management to over $1bn.
The platform is managed by Gemini Capital Management (Ireland) Ltd (GemCap) our Irish management company, launched in October 2016 and appointed by GIF plc in December 2016.
The Third Avenue Real Estate Value Fund (UCITS) and Third Avenue Value Fund (UCITS) merged into the GIF platform in early June 2017. In addition, Gemini Investment Management Ltd (GIML) will act as UK Distributor for the fund.
Third Avenue’s investment strategies focus on fundamental, deep value, high conviction ideas typically outside common benchmarks leading to a differentiated return profile and high Active Share. The Third Avenue Real Estate Value Fund (UCITS) strategy has an 18 year track record and invests globally across an expansive universe that includes both real estate and real estate related securities. The Third Avenue Value Fund (UCITS) is based on Third Avenue’s flagship investment strategy launched in 1990 and seeks to invest in fundamentally undervalued securities across industries, regions, and market capitalizations.
“We are excited about our partnership with Gemini Capital Management,” said Kristina Fox, Head of Sales and National Accounts at Third Avenue. “This relationship allows Third Avenue to focus on our core equity portfolio management expertise while leveraging the reach and scale of Gemini’s distribution capabilities.”
Conor Hoey, Head of Sales and Relationship Management, commented: “We are delighted to welcome Third Avenue to the platform as our first major US Investment Manager. As pioneers of deep value investing, we believe their proposition is highly appealing in the UCITS marketplace and look forward to a strong long-term partnership.”
Stuart Alexander, CEO of Gemini Investment Management Ltd, commented: “Since we launched GemCap, our Irish Management Company, we have seen signs that Fund Platform and ManCo markets are burgeoning in Ireland. GemCap is ideally placed to capitalise on the growth being generated by new and existing UCITS managers. Our team in Dublin is looking forward to driving significant growth in the coming years.”
Notes to editor
Further information can be found on www.Geminicapital.ie.
- Gemini Investment Management Limited (GIML) was founded in 2009 initially as a distribution business raising funds on behalf of specialist Investment Managers and is now established as one of the leading innovators in Fund Hosting.
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GemCap Investment Funds (Ireland) plc (formally Gemini Investment
Funds plc.) (GIF plc.)
GIF plc was authorised by the Central Bank of Ireland (the “CBI)” in 2010 and has attracted $1bn in assets from different managers across 13 different funds. - GIF plc. is an umbrella type open-ended investment company with variable capital and limited liability under the laws of Ireland and segregated liability between sub-funds. GIF plc. is authorised in Ireland by the CBI pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended.
- In 2016 Gemini Capital Management (Ireland) Ltd (GemCap) was approved by the CBI as a UCITS Management Company (ManCo)
- GemCap was appointed as management company to GIF plc on 19 December 2016. CBI number is: C155302
Issued by Gemini Investment Management Limited authorised and regulated by the Financial Conduct Authority. FRN: 503402
Gemini Investment Management Limited is registered in England & Wales No. 6795280, Longcroft House, 2/8 Victoria Avenue, London, EC2M 4NS, Office tel: +44 (0)20 3206 1180, Email: info@gemini-im.com