Algebris Funds

We apply our capabilities as a leading global investment ­firm to deliver solutions, unlock value and propel growth.

Algebris is built on a strong foundation of intellectual and ­financial capital. We currently offer a diverse range of actively-managed investment solutions created around our core expertise, from our historical focus on the financial sector across the capital structure (credit and equity) to global credit and Italian securities. With respect to private strategies, Algebris invests in non-performing loans predominantly secured by high-end, residential real estate assets in Italy.

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Fund Terms

  • Inception date: 3rd September 2012
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 5

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
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  • ISIN:

A long-only fund aiming to achieve a high level of current income and modest capital appreciation, by investing primarily in subordinated and hybrid debt issued by Global Systemically Important Financial Institutions (G-SIFIs) and “national champions” institutions.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 5 means the Fund’s historic volatility is between 10% - 15%

ISIN:
BBG ticker:

Fund Terms

  • Inception date: 13th August 2013
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 6

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
  • BBG ticker:
  • ISIN:

A long-only blended fund, investing in equities and subordinated debt capital instruments issued by banks and institutions on a global basis. It focuses on optimising coupon and dividend payments, offering a prudent exposure to the high dividend yield equity market.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 6 means the Fund’s historic volatility is between 15% - 25%

ISIN:
BBG ticker:

Fund Terms

  • Inception date: 20th April 2015
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 7

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
  • BBG ticker:
  • ISIN:

A long-biased equity fund investing in financial stocks on a global basis. It aims to generate attractive risk-adjusted returns on a multi-year view, by identifying mispricing opportunities through fundamental analysis of a company’s intrinsic value.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 7 means the Fund’s historic volatility is between 25% +

Fund Terms

  • Inception date: 4th November 2019
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 4

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
  • BBG ticker:
  • ISIN:

A long-only fund investing primarily in IG senior and subordinated debt instruments in the global financial sector. It aims to generate an attractive level of income and modest capital appreciation in the medium term.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 4 means the Fund’s historic volatility is between 5% - 10%

Fund Terms

  • Inception date: 19th July 2016
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 4

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
  • BBG ticker:
  • ISIN:

An unconstrained credit strategy investing globally across sovereign, corporate (Investment Grade and High-Yield) and bank debt. It aims to generate yield, while also achieving diversification and liquidity optimisation.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 4 means the Fund’s historic volatility is between 5% - 10%

ISIN:
BBG ticker:

Fund Terms

  • Inception date: 13th October 2017
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 5

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
  • BBG ticker:
  • ISIN:

A long-only fund investing primarily in equity securities of Italian companies, with a focus on the small and mid-capitalization segment of the market.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 5 means the Fund’s historic volatility is between 10% - 15%

ISIN:
BBG ticker:

Fund Terms

  • Inception date: 20th April 2015
  • Domicile: Ireland
  • Liquidity: Daily
  • Base currency: Euro
  • Risk profile (SRRI): 4

Class Terms

  • Management fee: p.a.
  • Incentive fee:
  • Minimum investment: €
  • BBG ticker:
  • ISIN:

A multi-asset, multi-strategy fund investing with a global remit. It aims to achieve positive absolute returns, primarily from capital appreciation on investments in collective investment schemes.

Note: The synthetic risk and reward indicator (SRRI) is based on historical data and may not be a reliable indication for the future. It is calculated using the volatility of the Fund’s weekly performance over a five-year period. A score of 4 means the Fund’s historic volatility is between 5% - 10%

Algebris Non Performing Loan Fund II

Algebris NPL Fund II is a closed-end fund investing in non-performing loans (NPLs) in Italy. Similarly to Algebris NPL Fund I, the Fund aims to take advantage of the numerous opportunities in the Italian NPL market, by adopting a cherry-picking approach to secured NPL portfolios and single loans. The Fund maintains a prime focus on the first lien mortgage space, guaranteed by high-end residential assets in prime locations in Northern and Central Italy.

Algebris NPL Fund II is managed by the Algebris NPL investment team, supported by Algos, the in-house special servicer.

The final closing of the Algebris NPL Fund II was in December 2016.

Algebris Non Performing Loan Fund III

Algebris NPL Fund III is a close-ended fund investing in Italian non-performing loans. Like its two predecessors, it focuses on first lien mortgages guaranteed by commercial and residential real estate assets located in prime locations in Northern and Central Italy.

Algebris NPL Fund IIIis managed by the Algebris NPL investment team, supported by Algos, the in-house special servicer.

The first closing of Algebris NPL Fund III took place in February 2020.