Monte dei Paschi’s asset management unit backs new hedge fund

Monte Paschi Asset Management (MPAM), the asset management arm of Banca Monte dei Paschi di Siena, plans to back a fixed-income specialist hedge fund called TrinityCapM with €25 million in seed capital.

“We are backing TrinityCapM in a manner that permits professional and intellectual independence. TrinityCapM’s excellent enhanced liquidity management skills have now been added to what MPAM offers its growing list of institutional clients,” says Nicola Romito, MPAM’s chief executive.

TrinityCapM launched its Global Target Plus hedge fund earlier this year. The firm is also marketing specific investment products, called Global Enhanced Liquidity products, to institutions. “We have designed our two first products to attract both sophisticated institutional investors, including central banks and supranationals, several of whom are former clients, as well as fund of funds that are looking for new managers with consistent low double-digit returns in fixed income,” said Victor Filatov, TrinityCapM’s founding chairman.

TrinityCapM is dually based in London and Stamford, Connecticut.

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