Paris/London – 28 January, 2025.

iM Global Partner (iMGP) has announced it has added a new fund to its Luxembourg fund range, the iMGP Trinity Street Global Equity Fund, managed by its most recent Partner, Trinity Street Asset Management (TSAM).

The fund has an established track record (the strategy has been in place since 2004) and already has over $160 million in assets under management. It aims to generate long-term capital growth by investing globally in companies that are undergoing positive structural change and has a concentrated portfolio of 30-35 stocks selected through a bottom-up approach.

TSAM follows a fundamental investment philosophy that is focused on finding companies that it believes are misvalued because they are going through positive structural change that is under-recognized by the market.

The firm is opportunistic and style agnostic, with an investment process that looks to invest in companies that offer at least 50% upside based on a two-to-three-year outlook.

TSAM has an experienced and stable investment team of eight professionals, with the four portfolio managers having more than 100 years of combined experience. The fund is managed by Richard Bruce, founding partner, CEO and portfolio manager; Ed Bell, partner, deputy CEO and portfolio manager; Nick Mayor, partner, head of research and portfolio manager and Piotr Janusz Krupa, partner, junior portfolio manager.

They are supported by TSAM’s broader team of analysts. The company also has ‘skin in the game’ and invests a significant amount in their own strategies.

Richard Bruce from Trinity Street Asset Management said: “We are happy that our strategy is now available through the iMGP fund range. At Trinity Street Asset Management, we believe that the impact of change can be under-recognized by the market due to historical bias, short investment horizons or a lack of global perspective. Our investment philosophy has remained consistent since 2003.”

Julien Froger, Managing Director – Head of Europe, iM Global Partner added: “We are delighted to propose, for the first time, a fund managed by our newest Partner, Trinity Street Asset Management, who joined us last year. They are one of the most distinguished managers in the global equities space, with extensive experience and an approach that is difficult to replicate. This fund reinforces iM Global Partner’s product offering and reflects the broad range of expertise among our Partners.”

Fund details:

Legal structure – Luxembourg SICAV – UCITS
Type/investment zone – Equity/Global
Sub-manager – Trinity Street Asset Management LLP
Base currency – USD1
Reference index – MSCI ACWI Total Return Net Index2
SFDR Classification – Article 83
Share class information  – AMC – Capped TER
iMGP Trinity Street Global Equity Fund I USD – 0.72%  – 0.88%
iMGP Trinity Street Global Equity Fund R USD – 0.90% – 1.06%

1Returns may increase or decrease as a result of currency fluctuations for non-USD investors.
2The MSCI All Countries World Total Return Net Index is used, in the appropriate currency of a given Share Class of the Fund, for comparison mainly, including for performance comparison and as a Benchmark for the calculation of the performance fees. The Fund is actively managed and the Sub-Manager’s discretionary powers are not constrained by the index. Although the Sub-Manager may take into consideration the index composition, the Fund may bear little resemblance to the index.
3 SFDR Article 8 funds promote/integrate environmental and/or social characteristics and incorporate good governance practices into their investment strategy.

Disclaimer

This is a marketing communication. It is not a binding contractual document or an information document required by law. The information contained in this document does not constitute an offer or recommendation to buy or sell units of the fund and is not sufficient to make an investment decision. Please refer to the fund’s prospectus and KID before making any final investment decision. These documents, containing full information on the risks associated with the investment, as well as a summary of investor’s rights, are available in English on imgp.com or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg. The investment concerns the acquisition of units or shares in a fund and not in a given underlying asset. Investing puts your capital at risk: investing in equity securities may offer a higher rate of return than other investments. However, the risks associated with investments in equity securities may also be higher because the performance of equity securities depends upon factors that are difficult to predict. Historically, equity securities have provided greater long-term returns and have entailed greater short-term risks than other investment choices. More information on imgp.com.