LONDON, March 1, 2022 /PRNewswire/ — We are pleased to announce the launch of Acasta Partners, the rebranded convertible business of Polygon Global Partners. The investment team, led by CIO Mike Humphries, remains unchanged and its flagship strategy, now called Acasta Global, continues to focus on generating the same return profile it has targeted since its initial launch. This strategy has received numerous accolades since its inception, including performance awards from EuroHedge, HFM Week, Alt Credit Intelligence and HedgePo/Allocator Investor Choice.I
Founded in 2009, the firm employs a diverse range of strategies, including those focused on convertible bonds and volatility-linked instruments, metals and mining companies, commodities, as well as opportunistic fundamental and events in the credit sector. Acasta targets strategies with defensible “niches”, seeking to combine a wide range of expertise to maximize investment opportunities through economic and market cycles.
“We are delighted to share the news of our rebranding, and the entire team has been actively involved in the rebranding process,” noted Mike Humphries. The team drew inspiration for the new name from Acasta Gneiss, a rocky outcrop in the Canadian Northwest Territories near the Acasta River. This rocky body metamorphosed around four billion years ago and is an enduring archetype for a patient and robust investment setting. The diverse minerals and visibly distinct bands were seen as reminiscent of the team’s multidisciplinary approach to investing, which has evolved over decades of working together.
About Acasta Partners: Acasta Partners is an alternative investment firm with offices in London, new York and Florida. The firm was founded in 2009 and invests globally, using a multidisciplinary approach that draws on diverse expertise and strategies to maximize investment opportunities across economic and market cycles.
This press release is issued and communicated inside and outside the UK by Acasta Partners UK. Acasta Partners UK is part of TFG Asset Management UK LLP, which is authorized and regulated by the Financial Conduct Authority.
This announcement is directed only to persons who are business clients for the purposes of the FCA’s Conduct of Business Sourcebook. The investments and investment services to which this announcement relates are available only to the persons referenced above and other persons should not act or rely on them.
The information contained in this press release does not contain or constitute an offer, solicitation, inducement, invitation or commitment to buy, subscribe for, provide or sell securities, services or products or to provide recommendations on which to rely when obtaining financial, securities, investment or other advice or making a decision based on such information in the United States or any other jurisdiction.
I With Intelligence EuroHedge “Convertibles and Volatility Fund of the Year” for 2017, 2016, 2014, 2013 and 2011 and nominations in the same category for 2021, 2020, 2019, 2018, 2015 and 2012, with further nominations for “Performance at term: Macro, Fixed Income, and Relative Value” for 2017 and 2014, and a nomination in 2010 for “Best Smaller Fund”; winning HFM Week’s “Relative Value Fund of the Year” for 2014, with additional nominations for 2016, 2013 and 2012, as well as nominations for: 2018 for two categories (“Credit over $500 million” and “5-year long-term credit performance $500 million“), 2016 for three categories (“Credit under $500 million“, “5-year long-term performance credit” and “Event–Driven over $250 million“), 2013 for “Credit on $250 million, and “Newcomer – Other” nominations in 2011 and 2010; Alt Credit Intelligence won in 2016 the “Europe Convertible Arbitrage” and “US Convertible Arbitrage” categories; HedgePo/Allocator Investors Choice nominations for 2016 (“Volatility Fund”), two nominations for 2014 (“Credit Fund of the Year” and “Credit Fund Long Term Performance”), and 2013 (“Credit Fund, Long Term Performance Award”) ; and a 2013 Hedge Fund Journal win for “Hedge Fund Journal Europe 50 – Best Performing Convertible Fund”.
The With Intelligence EuroHedge Awards (formerly known as the EuroHedge Awards) are organized by EuroHedge magazine, a publication of With Intelligence. To be considered for an award, funds must submit performance data to the HFM database and have a track record of at least 12 months. Please see the EuroHedge website for more details on the rewards methodology, available at www.withintelligence.com. The 2021 prices will be announced on March 17, 2022. The HFM European Performance Awards (formerly known as the HFM Week Awards) are organized by With Intelligence. Please see the HFM website for more details on the awards methodology, available at https://hfmeuropeanperformanceawards.awardstage.com/#!/p0. The AltCredit European and AltCredit US Performance Awards are organized by With Intelligence. For more information on awards, please visit AltCredit’s European website at www.altcrediteuawards.com and AltCredit’s US website at www.altcreditusawards.com. The Investor Choice Awards (formerly known as the HedgePo/Allocator Investor Choice Awards) are organized by Allocator. All funds reporting to Allocator.com are considered for awards. Further details of the awards methodology can be found on the Allocator website, available at www.investorschoiceawards.com. The Hedge Fund Journal awards are organized by the Hedge Fund Journal. Further pricing details can be found on their website, available at www.thehedgefundjournal.com. There were several other nominees for these awards, details of which can be found on each awards press release at https://www.acasta.com/insights#awards.
SOURCE Acasta Partners