JABCAP (LUX) is an investment company with variable capital, structured as an umbrella fund with segregated liability between sub-funds incorporated under the laws of the Grand Duchy of Luxembourg. JABCAP (LUX) has a number of different sub-funds. The assets and liabilities of each fund are segregated by law.
JABCAP (LUX) Global Convertible Bonds
This sub-fund aims to provide investors with exposure to global equity and debt markets with significantly lower volatility than the underlying asset classes while maintaining a focus on absolute returns. It focuses its investment in global convertible bonds.
JABCAP (LUX) Global Balanced
The approach for this sub-fund is focused on global equities with a dynamic asset allocation overlay. The strategy combines a top down approach to portfolio construction with a fundamental analysis equity research program.
JABCAP (LUX) Emerging Markets
This strategy seeks to obtain consistent absolute returns on a long term risk-adjusted basis primarily from a diversified portfolio of securities whose exposure or principal operations are based in emerging markets countries.
JABCAP (LUX) European Credit Opportunities
This sub-fund’s objective is to produce absolute returns with low volatility and risks in all market conditions, regardless of the direction of interest rates or default rates. It applies long, short, and paired trading strategies to an unconstrained portfolio of absolute return opportunities in European corporate credit. It exploits all parts of a company’s capital structure via a wide range of debt and equity investment instruments and will invest across the ratings spectrum.
Jabre Capital Partners S.A. is the investment manager of the JABCAP (LUX) sub-funds. Established in 2006, the firm is a global asset management company headquartered in Geneva. For further information on Jabre Capital Partners S.A., please follow this link: www.jabcap.com
Park Vale is authorised and regulated by the Financial Conduct Authority. It is registered as the facilities agent of the JABCAP (LUX) sub-funds in the UK. It also acts as the sub-investment manager of the JABCAP(LUX) European Credit Opportunities sub-fund.
Copies of the fund documentation can be retrieved on the following link: www.jabcaplux.com/the-funds/unitedkingdom. Alternatively, please contact Park Vale for printed copies.
The portfolio managers of the JABCAP (LUX) European Credit Opportunities sub-fund:
Farid Gargour, Portfolio Manager
Farid joined Park Vale in February 2016 as one of the two lead managers of the European Credit Opportunities Fund. Prior to that, Farid was at RAB Capital, where he founded the RAB European Credit Opportunities Fund in 2001 and managed it for 14 years. During this period, he was also responsible for launching an emerging markets debt fund and a leveraged loan fund. Before RAB Capital, Farid managed equity and debt portfolios at NY-based Concord International Investments. Farid holds a bachelor’s degree in mechanical engineering and a master’s degree in operations research from Georgia Tech and an MBA from Carnegie Mellon.
Angus Rosborough, Portfolio Manager
Angus joined Park Vale in February 2016 and is one of the two lead managers on the JABCAP (LUX) European Credit Opportunities Fund. Before joining Park Vale, Angus was at RAB Capital for 8 years where he worked initially as an analyst and then as a portfolio manager for the firm’s European Credit Opportunities Fund. From 2004 to 2007, Angus had worked at Lehman Brothers where he was a senior proprietary trading analyst and from 2001 to 2004, Angus worked at ING as head of European high yield research. Prior to that Angus worked at Morgan Stanley in a variety of sales and research related roles. Angus graduated from Washington & Lee University where he earned degrees in European History and German Language.
Robert Taylor, Associate Portfolio Manager
Robert joined Park Vale in February 2016 and is on the investment team on the JABCAP (LUX) European Credit Opportunities Fund. Prior to this, Robert was at RAB Capital for 4 years where he worked as an analyst for the firm’s European Credit Opportunities Fund. Before that Robert completed a Sales and Trading internship at Barclays. Robert holds a BSc from the University of Bristol.
Marketing of the JABCAP (LUX) sub-funds is undertaken by Mark Cecil.
Mark Cecil, Client Manager
Mark Cecil Mark is a Founding Partner at Jabre Capital Partners and is a Director of both Jabre Capital Partners (Cayman) Ltd and Jabre Capital Partners (Luxembourg) SA. Mark began his career in finance in 1986 working for BAii (London) a French Consortium Bank which was later taken over by BNP Paribas. Initially working in the fund management area alongside Philippe Jabre, he moved across to client relations where he helped build up a large asset management business. In 1997, he moved with Philippe Jabre to GLG Partners where he had responsibility for key investor relationships and was instrumental in the establishment of GLG as one of Europe’s leading Hedge Fund firms. Mark qualified as a medical doctor from St Thomas’ Hospital Medical School, London, in 1982 and was awarded an MBA from Insead Business School, Fontainebleau, in 1985.
Park Vale does not act as a financial adviser to any party who views this documentation or who invests in the JABCAP (LUX) sub-funds. The material contained in this website does not constitute investment advice. Before investing in a fund, its potential risks and rewards should be fully understood. Past Performance is not necessarily indicative of future results. An investment in the JABCAP (LUX) sub-funds is speculative and may result in loss. The value of investments can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment. Without any limitation, the material contained in this website does not constitute an offer for sale or a solicitation of an offer to subscribe for shares in the JABCAP (LUX) sub-funds, or any advice or recommendation to invest in the JABCAP (LUX) sub-funds. The above does not represent a complete statement of the risk factors associated with an investment in the JABCAP (LUX) sub-funds. The offering documents for each sub-fund contain risk warning which are specific to the relevant sub-fund. You should consider these risks carefully and take appropriate investment advice prior to investing. None of this information create any legally binding obligations on the part of Park Vale.