Algebris

Algebris (UK) Limited
Limited company
Founded London, United Kingdom (2006)
Founder Davide Serra
Headquarters London, W1
United Kingdom
Number of locations
 6: London; Singapore; Boston; Milan; Luxembourg; Tokyo
Website www.algebris.com Edit this on Wikidata

Algebris (UK) Limited[1] is a London-based asset management company which has historically specialised in the global financial sector.[2] In December 2010 it managed $1.4 billion in funds.[3] In November 2017 Algebris manages over $12bn in assets.[4]

Algebris was founded by Davide Serra (from Genoa), a former analyst with Morgan Stanley.[2] Davide Serra owns outright the firm. It has offices in London, Singapore, Boston, Milan, Luxembourg and Tokyo.[5]

The first fund, Algebris Global Financials Fund, was launched in October 2006.

Algebris has posted a 9 per cent compound annual return net of fees since 2006 on the $600m it has invested on the equity side. On the financial credit side, which in November 2017[6] counts for $7.4bn of the firm’s assets under management, including bad loans at face value, the firm has earned 15 per cent annual net returns since it switched its emphasis to financial credit after the 2008 crisis. Alongside subordinated debt and financial equity, the fund has extended into non-performing loans in 2014[7], a global macro strategy in 2016[8] investing also outside of financials. In 2017[9] Algebris launched a fund focused on credit and equity securities of mostly midsized Italian companies.[10]

References

  1. ↑ ALGEBRIS (UK) LIMITED
  2. 1 2 "Davide Serra - Algebris".
  3. ↑ Ismail, Netty (7 December 2010). "Algebris Plans Hedge Funds Betting on Banks' CoCos Debt, Emerging Markets". Bloomberg. Retrieved 28 November 2012.
  4. ↑ Algebris adds portfolio manager to macro team
  5. ↑ https://asia.nikkei.com/Business/Business-Trends/Tokyo-lures-in-overseas-hedge-funds-and-fintech
  6. ↑ Davide Serra: ‘I have an Italian heart but a British brain’
  7. ↑ Italian bad loans draw hedge fund interest
  8. ↑ Serra's Algebris Launches New Macro Credit Fund
  9. ↑ Bollettino Morningstar - Speciale Pir
  10. ↑ Bollettino Morningstar - Speciale Pir
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