Montréal, le 26 octobre 2022 – Quadra Capital Partners (« Quadra »), en collaboration avec le Groupe Walter, annonce un partenariat exclusif avec Carmignac, une société de gestion d’actifs indépendante européenne multirécompensée pour la qualité de sa gestion. Quadra devient ainsi, pour le long terme, le distributeur de la gamme de fonds Carmignac auprès des investisseurs canadiens.

Carmignac propose plus de vingt stratégies gérées activement dans les principales classes d’actifs : les actions, le revenu fixe, les stratégies alternatives et la gestion diversifiée. Carmignac est reconnue pour sa gestion de conviction sur les marchés mondiaux, émergents et européens, combinant une solide vue macroéconomique, l’analyse de données ascendante et la prise en compte des critères environnementaux, sociaux et de gouvernance. Créée en 1989, Carmignac se distingue dans l’industrie européenne de la gestion d’actifs par un fort esprit entrepreneurial.

« Quadra a hâte d’offrir aux investisseurs canadiens la possibilité d’accéder à la gestion de conviction de Carmignac et à son approche de l’investissement durable, se réjouit Guillaume Touze, fondateur et chef de la direction, Quadra Capital Partners. Nous mettrons à profit notre présence au Canada et travaillerons étroitement avec Gestion d’actifs mondiale Walter, notre partenaire et actionnaire, pour commercialiser activement les fonds Carmignac. »

« Nous sommes ravis de nous associer à Quadra au Canada. Son équipe montréalaise jouera un rôle essentiel dans la promotion de notre marque dans le pays, explique Eric Helderlé, cofondateur et directeur général de Carmignac Gestion Luxembourg. Nous avons à cœur de soutenir les efforts de Quadra avec la venue régulière au Canada de nos principaux décideurs. »

 

À propos de Quadra Capital Partners

Quadra Capital Partners est une société indépendante de gestion d’actifs spécialisée dans des stratégies d’investissements alternatifs avec des bureaux à Montréal, Londres, Paris et Madrid. Quadra Capital a pour principal objectif d’offrir à ses investisseurs un ensemble de stratégies innovantes et non-corrélées gérées par des gestionnaires de portefeuilles expérimentés dans des fonds internes ou par le biais de partenariats stratégiques. www.quadra-capital.com 

 

À propos de Carmignac

Carmignac est une société de gestion d’actifs financiers indépendante fondée en 1989 sur trois principes fondamentaux toujours d’actualité : un esprit entrepreneurial, la perspicacité humaine et un engagement actif. La société a toujours gardé ce même esprit entrepreneurial, qui donne à son équipe de gestion la liberté et le courage de réaliser ses propres analyses de risques, de les traduire en de solides convictions, puis de les mettre en œuvre. Sa culture collaborative axée sur la discussion, le travail de terrain et la recherche en interne signifie qu’elle renforcera toujours ses analyses de données par la perspicacité humaine pour mieux gérer la complexité et évaluer les risques cachés. Son équipe est composée de gestionnaires actifs et de partenaires engagés auprès de ses clients. Transparente quant à ses décisions d’investissement, la société assume toujours ses responsabilités. Avec un capital entièrement détenu par la famille et les collaborateurs, Carmignac est aujourd’hui l’un des leaders européens de la gestion d’actifs et opère depuis sept bureaux différents. Aujourd’hui, et depuis toujours, elle s’engage à donner le meilleur d’elle-même pour gérer activement l’épargne de ses clients sur le long terme. www.carmignac.lu

 

À propos de Groupe Walter

Issu d’une entreprise multigénérationnelle du domaine industriel qui est devenue un chef de file de son secteur, le Groupe Walter a évolué pour s’établir depuis plus de 10 ans comme une firme d’investissement composée de 35 professionnels aguerris. Appuyée par des valeurs familiales, la firme adopte une approche entrepreneuriale de la gestion d’actifs dans les marchés publics, les placements privés et les stratégies alternatives, pour des clients internes et externes, à travers ses cinq unités d’investissements spécialisées et ses firmes partenaires. www.groupewalter.ca

 

À propos de Gestion d’actifs mondiale Walter

Lancée en 2018, Gestion d’actifs mondiale Walter est une plateforme d’investissements privés mondialement diversifiés qui offre du capital de développement et une expertise stratégique à des firmes de gestion d’actifs exceptionnelles, de même qu’à des distributeurs et à des fournisseurs de services de cette industrie, selon une approche basée sur un réel partenariat. Gestion d’actifs mondiale Walter fait partie de l’écosystème du Groupe Walter, qui prospère depuis près de 70 ans. www.walter-gam.com

 

Pour information – médias :

Amélie Plante

DDMG Communications

+1-514-975-9425

strategie@amelieplante.com

 

Pour information – investisseurs :

Sebastien Gangnat-Tunzini

Quadra Capital Partners

+1-438-884-9238

sgt@quadra-capital.com

Montreal, October 26, 2022 – Quadra Capital Partners (“Quadra”), in association with the Walter Group, announces an exclusive partnership with Carmignac, an award-winning European independent asset management firm, to become the sole and long-term distributor of Carmignac’s unique fund range to Canadian investors.

Carmignac offers more than twenty actively managed strategies, including long-only equities, fixed income, alternatives and diversified funds. It is renowned for investing in global, emerging and European markets with a high-conviction approach that mixes macro views, data assessment and thorough bottom-up, ESG-aligned, analysis. Carmignac is renowned as a household brand in European asset management and for having championed entrepreneurial spirit in the industry since its launch in 1989.

“Quadra looks forward to offering Canadian investors unique access to Carmignac’s high-conviction and sustainable investing approach”, says Guillaume Touze, CEO of Quadra Capital Partners. “We will leverage our presence in Canada and work closely with our partner and shareholder Walter Global Asset Management to market actively Carmignac’s fund range.”

“We are very pleased to partner with Quadra for this Canadian venture in which its Montreal team will be key to building our brand in Canada,” says Eric Helderlé, Co-founder and Managing Director of Carmignac Gestion Luxembourg. “We will support Quadra’s efforts by having our key decision makers visit Canada regularly.”

 

About Quadra Capital Partners

Quadra Capital Partners is an independent investment management firm specialised in alternative investment strategies with offices in Montreal, London, Paris and Madrid. Quadra’s objective is to offer its family and institutional investors a set of innovative and uncorrelated strategies, managed by experienced boutique portfolio managers with proven track records via inhouse strategies or partnership agreements. www.quadra-capital.com

 

About Carmignac

Carmignac is an independent asset management firm established in 1989 on three core principles that still stand true today: entrepreneurial spirit, human-driven insight and active commitment. It is as entrepreneurial today as it has always been; its team of fund managers keeping the freedom and courage to perform independent risk analysis, translate it into strong convictions and implement them. Its collaborative culture of debate, on-the-ground work and in-house research means it will always enhance data analysis with human-driven insight to better manage complexity and evaluate hidden risks. It is both an active manager and active partner, committed to its clients, providing transparency on its investment decisions and always be accountable for them. With a capital entirely held by the family and staff, Carmignac is now one of Europe’s leading asset managers, operating from seven different offices. Today, as throughout its history it is committed to trying harder and better to actively manage its clients’ savings over the long term. www.carmignac.com

 

About Walter Group

Beginning as a multigeneration industrial company that grew into a leader of its industry, the Walter Group has evolved and established itself for over a decade as an investment firm composed of over 35 seasoned professionals. Backed by family values, the firm applies an entrepreneurial approach to managing assets for internal and external clients in public markets, private equity and alternative strategies, through its five specialized investment units and its partnering firms. www.waltergroup.ca

 

About Walter Global Asset Management

Launched in 2018, Walter Global Asset Management is an internationally diversified private investment platform that provides development capital and strategic expertise to exceptional asset management firms, as well as to industry distributors and service providers, with an approach that allows them to be true partners. Walter Global Asset Management is part of the Walter Group ecosystem, which has been flourishing for nearly 70 years. www.walter-gam.com

 

For information – media :                                                                                 

Amélie Plante

DDMG Communications

+1-514-975-9425

strategie@amelieplante.com

 

For information – investors :

Sebastien Gangnat-Tunzini

Quadra Capital Partners

+1-438-884-9238

sgt@quadra-capital.com

Link to the French version

REMAIN CAUTIOUS AND DIVERSIFY IN ALTERNATIVES STRATEGIES

 

H1 2022 correction on liquid assets continued in Q3. The early summer rebound proved to be a tactical one and both equities and rates ended the quarter below their end of June level. Stress factors are well documented and should  persist in the coming weeks. We recommend to maintain a cautious bias at least until Central Banks get nearer to the end of their monetary tightening phase.

The 2022 scenario confirms the relevance of fund selection and diversification into alternative asset classes. Our belief is that the current volatility will provide good entry points to performing liquid strategies. In our opinion, it also justifies increasing allocation into diversifying alternative assets.

In this newsletter, we are drawing your attention to Flexam and Quadra Liquid Bond, two strategies particularly relevant in the current context. In a complicated environment, we congratulate them for their performance and resilience.

 

FLEXAM & QUADRA LIQUID BOND : WHY IT MAKES SENSE NOW

 

FLEXAM : Flexam’s second fund is very relevant in the current turmoil. Tailor-made real assets financing also offers investors a secure capital base and long-term visibility on cash flow generation. Focused on four key thematics (mobility, logistics, energy transition, light infrastructure & equipment), Flexam reduces portfolio risk exposure while offering secures returns (10%+ generated on the new fund’s investments) and offers a remarkable liquidity for this type of asset.

QUADRA LIQUID BOND : Despite turbulent macro-economic environment since its launch, our fixed income solution launched in Canada has demonstrated its risk management and volatility control qualities this year with a significant outperformance vs Bloomberg Global Aggregate (+14% as of end of September). In Q3 2022, the gross performance has even been positive. Due to our diversified asset allocation, the fund generates alpha and offers defensive characteristics in times of uncertain economic and rates cycles.

 

QUADRA LIQUID BOND, SOLID OUTPERFORMANCE OVER THE BOND MARKET

Source Apex / Quadra Capital Partners / Bloomberg. As at 30/09/2022. Blend simulated performance calculated with the allocation as of 31/12/2021. Live performance since April 2021. Past performance is not a reliable indicator of future results and investors may not get back amount originally invested. Ref index; €STR + 150bps.

 

BUTLER CREDIT OPPORTUNITIES, A KEY CONTRIBUTOR TO THE QUADRA LIQUID BOND

Source Butler Investment Manafers and Bloomberg as of 30/09/2022. The performance of  WBO/BCO os represented by the USD A2 share class of the WBO fund since inception on the 01/10/2009 till 31/05/2017, then by the EUR Institutional Founder (ISIN; IE00BMVX1R57) of the BCO fund from 01/06/2017 till as of date. BCO Investments present a risk of loss of capital and their liquidity may be limited. Income is not garanteed and depends on the evolution of te financial markets and/or exchange rates. These performance figures to the past and past performance is not a reliable guide to the future performance. Since WBO inception 01/10/2009.

 

FLEXAM: NINTH AND LATEST INVESTMENT OF THE FUND FTAIF II 

FLEXAM TAIF II has supported the expansion of a leading German training aircraft manufacturer,  through the financing of four training aircraft for its pilot academy in September 2022.

Thanks to its level of sophistication,  the aircraft is the perfect fit to train specialized pilots who are becoming essential in a world where  natural disasters will be more and more present.

LHI Group, one of the leading German asset managers specialized in aviation, renewables and real  estate, originated and structured the deal in partnership with Flexam.

It is the first transaction in the aviation sector, in which FLEXAM  TAIF II intends to further develop targeting specialized assets with a social purpose.

 

 

DISCLAIMER

Quadra Capital Partners LLP is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. In accordance with the SYSC 10A rule of the FCA handbook calls will be recorded. Copyright material and/or confidential and/or privileged information may be contained in this e-mail and any attached documents. The material and information is intended for the use of the intended addressee only. If you are not the intended addressee, or the person responsible for delivering it to the intended addressee, you may not copy, disclose, distribute, disseminate or deliver it to anyone else or use it in any unauthorised manner or take or omit to take any action in reliance on it. To do so is prohibited and may be unlawful. The views expressed in this e-mail may not be those of the Company from which it has come but the personal views of the originator. If you receive this e-mail in error, please advise the sender immediately by using the reply facility in your e-mail software. Please also delete this e-mail and all documents attached immediately.

Quadra Capital Partners France has a non-independent consulting activity. Thus, it may receive retrocession from the funds managers that Quadra selected for its customers. These retrocessions do not affect its analysis of these funds’ features and its ability to report on them, the strengths as the risks, in a full transparency to its clients and in their best interest.
Quadra Capital Partners LLP is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. In accordance with the SYSC 10A rule of the FCA handbook calls will be recorded. Copyright material and/or confidential and/or privileged information may be contained in this e-mail and any attached documents. The material and information is intended for the use of the intended addressee only. If you are not the intended addressee, or the person responsible for delivering it to the intended addressee, you may not copy, disclose, distribute, disseminate or deliver it to anyone else or use it in any unauthorised manner or take or omit to take any action in reliance on it. To do so is prohibited and may be unlawful. The views expressed in this e-mail may not be those of the Company from which it has come but the personal views of the originator. If you receive this e-mail in error, please advise the sender immediately by using the reply facility in your e-mail software. Please also delete this e-mail and all documents attached immediately.

Quadra Capital Partners France has a non-independent consulting activity. Thus, it may receive retrocession from the funds managers that Quadra selected for its customers. These retrocessions do not affect its analysis of these funds’ features and its ability to report on them, the strengths as the risks, in a full transparency to its clients and in their best interest.

Additional Information for Canadian Investors

An investment in the shares of the fund mentioned in this document is only available to an investor who is: (a) an “accredited investor” within the meaning of National Instrument 45-106 – Prospectus Exemptions who is subscribing to the shares of the fund mentioned in this document and any subsequent shares as principal for its own account and not for the benefit of any other person; and (b) a “permitted client” within the meaning of National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations.

Securities legislation in certain provinces or territories of Canada may provide an investor with remedies for rescission or damages if this document contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the investor within the time limit prescribed by the securities legislation of the investor’s province or territory. The investor should refer to any applicable provisions of the securities legislation of the investor’s province or territory for particulars of these rights or consult with a legal advisor.

REVIEW AND OUTLOOK

After several consecutive relatively quiet quarters, the first quarter of 2022 saw the return of the bear market in both bonds (worst correction in the last 50 years) and equities (Nasdaq, EuroStoxx 50, CSI 300…).

This negative trend has continued since the beginning of Q2 2022. Equity indices are still falling (S&P500 -8.8%, Nasdaq -13.3% in April) and the rise in bond yields is accelerating (US 10-year from 2.3% to 2.9% in April, Bloomberg Global Aggregate Index -11.3% YTD including -5.5% in April alone!).

Finally, the outlook remains mixed. Inflation persists and will start to impact corporate margins and household consumption, central banks will continue to reduce their accommodative policies, geopolitical tensions may persist, and the pandemic is resisting in China. The end of the economic cycle is accelerating, and fears of a recession are growing rapidly.

Against this backdrop, the Quadra team reiterates the importance of focusing on strategies that preserve capital while generating performance.

As we take stock of the year and despite this uncertain environment our liquid Credit/Event Driven strategies are performing well, and our Private Equity/Real Assets funds continue to deploy their capital through targeted investments.

 

OUR LIQUID STRATEGIES
  • Butler Credit Opportunities : the UCITS Long-Short Credit High Yield fund outperformed its benchmark every month this quarter and lost only 1.09% vs. Markit IBoxx EUR HY at -4.59%. Outperformance continues in April. This strategy has never had a negative year since its launch in 2009 and has just been soft-closed. It remains very relevant within the bond allocation to reduce duration and cushion interest rate shocks.
  • Quadra Liquid Bond : The idea of this fund is to select successful European managers, unknown in Canada, to deliver a performance of +4 or 5% on average per year through a combination of several low-risk strategies. In a challenging market our Fixed Income Blend solution was down -1.85% over 2022 and managed to outperform the Global Aggregates index by more than 850 bps.

 

OUR PRIVATE EQUITY / TANGIBLE ASSETS STRATEGIES
  • Flexam Invest : The raising of the second fund is going very well. The pace of capital deployment remained strong in Q1 2022 with a new investment in 2 hybrid-powered vessels to transport personnel and equipment to wind farms located in the North Sea. High and secure yield (10%+ in the family office version, 5-6% in the institutional version with an SCR <10%) while financing assets in healthcare and ecological transition. In the very tough fixed income environment of 2022, the 8% annual cash yield makes this strategy a great alternative in fixed income investments.
  • Geneo : The fund’s purpose is to “provide invested SMEs and SMIs with the means to achieve their ambitions, in a sustainable and positive impact approach”. The fund’s assets exceed 400 million euros and 14 investments have already been made.

 

CONCLUSION

Congratulations to our teams and partners strategies for their performance and resilience in such a difficult context! We also thank all our European and Canadian investors for their trust.

We are looking forward to coming back to you soon to announce new developments in our offering in Europe and Canada with new partners! We also remain at your disposal in case of questions or to discuss our products in more detail.

 

KEY GRAPHS

Source: Butler Investment Managers and Bloomberg. As of 31/03/2022. The performance of WBO/BCO is represented by the USD A2 share class of the WBO fund since inception on the 01/10/2009 till 31/05/2017, then by the EUR Institutional  Founder (ISIN: IE00BMVX1R57) of the BCO fund from 01/06/2017 till as of date. BCO investments present a risk of loss of capital and their liquidity may be limited. Income is not guaranteed and depends on the evolution of the financial markets and/or exchange rates. These performance figures refer to the past and past performance is not a reliable guide to the future performance. Since WBO inception 01/10/2009

* Ref index: €STR + 150 bps
Source Apex / Quadra Capital Partners / Bloomberg. As at 31/03/2022. Blend simulated performance calculated with the allocation as of 31/12/2021. Live performance since April 2021. Past performance is not a reliable indicator of future results and investors may not get back amount originally invested

 

 

 

 

New financing agreement with Danish subsidiary NORTHERN OFFSHORE SERVICES for the acquisition and conversion of 2 crew transport vessels (CTV). The two vessels, built in 2016 by the Piriou shipyards, will have their diesel engines replaced by a hybrid motorization allowing the transport of personnel and equipment to offshore wind farms.

 

DISCLAIMER
Quadra Capital Partners LLP is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. In accordance with the SYSC 10A rule of the FCA handbook calls will be recorded. Copyright material and/or confidential and/or privileged information may be contained in this e-mail and any attached documents. The material and information is intended for the use of the intended addressee only. If you are not the intended addressee, or the person responsible for delivering it to the intended addressee, you may not copy, disclose, distribute, disseminate or deliver it to anyone else or use it in any unauthorised manner or take or omit to take any action in reliance on it. To do so is prohibited and may be unlawful. The views expressed in this e-mail may not be those of the Company from which it has come but the personal views of the originator. If you receive this e-mail in error, please advise the sender immediately by using the reply facility in your e-mail software. Please also delete this e-mail and all documents attached immediately.

Quadra Capital Partners France has a non-independent consulting activity. Thus, it may receive retrocession from the funds managers that Quadra selected for its customers. These retrocessions do not affect its analysis of these funds’ features and its ability to report on them, the strengths as the risks, in a full transparency to its clients and in their best interest.
Quadra Capital Partners LLP is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. In accordance with the SYSC 10A rule of the FCA handbook calls will be recorded. Copyright material and/or confidential and/or privileged information may be contained in this e-mail and any attached documents. The material and information is intended for the use of the intended addressee only. If you are not the intended addressee, or the person responsible for delivering it to the intended addressee, you may not copy, disclose, distribute, disseminate or deliver it to anyone else or use it in any unauthorised manner or take or omit to take any action in reliance on it. To do so is prohibited and may be unlawful. The views expressed in this e-mail may not be those of the Company from which it has come but the personal views of the originator. If you receive this e-mail in error, please advise the sender immediately by using the reply facility in your e-mail software. Please also delete this e-mail and all documents attached immediately.

Quadra Capital Partners France has a non-independent consulting activity. Thus, it may receive retrocession from the funds managers that Quadra selected for its customers. These retrocessions do not affect its analysis of these funds’ features and its ability to report on them, the strengths as the risks, in a full transparency to its clients and in their best interest.

Additional Information for Canadian Investors

An investment in the shares of the fund mentioned in this document is only available to an investor who is: (a) an “accredited investor” within the meaning of National Instrument 45-106 – Prospectus Exemptions who is subscribing to the shares of the fund mentioned in this document and any subsequent shares as principal for its own account and not for the benefit of any other person; and (b) a “permitted client” within the meaning of National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations.

Securities legislation in certain provinces or territories of Canada may provide an investor with remedies for rescission or damages if this document contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the investor within the time limit prescribed by the securities legislation of the investor’s province or territory. The investor should refer to any applicable provisions of the securities legislation of the investor’s province or territory for particulars of these rights or consult with a legal advisor.

Quadra Capital Partners is pleased to welcome back Sebastien Gangnat-Tunzini as Executive Director. In his new Montreal based role, Sebastien will manage the Quadra Liquid Bond Fund launched in Canada in April 2021, as well as liaise and develop client relationship in Canada. He will also implement new business strategies in Canada and Europe for Quadra Capital’s investors.

“I am delighted to welcome Sebastien back to Quadra. His Portfolio management skills, CFA Qualifications and strong knowledge of our firm will be a tremendous asset to our Company”,said Guillaume Touze, Founder and Managing Partner of Quadra Capital.

With more than 10 years of experience in asset management, Sebastien’s market knowledge and products’ development skills will be welcome and will contribute in the expansion of Quadra strategies for the benefit of our investors.

“I am very pleased to join a dynamic team and look forward to contributing to the development of Quadra Capital in Canada, which offer very attractive alternative strategies to investors.” said Sebastien.