Asset Management

What's New In Investments, Funds? - Stonehage Fleming, Orbis

Tom Burroughes Group Editor 14 January 2020

What's New In Investments, Funds? - Stonehage Fleming, Orbis

The latest in investments and fund management from around the world.

Stonehage Fleming
Stonehage Fleming Advisory, the corporate finance and direct investments business of Stonehage Fleming, the multi-family office, has advised shareholders of Cinesite Media Holdings that Gryphion Capital Investments has a significant minority investment in it. Gryphion is a private investment vehicle that invests capital on behalf of Rob Thielen, the founder of Waterland Private Equity, and other private investors.

Cinesite, a digital entertainment group, provides visual effects and animation for the global film, TV and streaming industries. Based in London, Cinesite operates facilities in Berlin, Montreal, Munich and Vancouver.

Stonehage Fleming Advisory’s Richard Hill and Nicolas Begin introduced Gryphion to the opportunity and advised the shareholders of Cinesite on the transaction, the SFA said in a statement yesterday.

The fact that the multi-family office’s corporate finance and investment arm is broadcasting its advice on such a deal highlights how it is keen to expand this part of its business.

Orbis, the privately-owned investment firm overseeing more than £25 billion ($32.5 billion) of assets, has launched its third fund in the UK retail market, called the Orbis OEIC Global Cautious Fund.

The fund seeks to balance investment returns and the risk of loss using a bottom-up selection of global equities, fixed income and commodity-linked instruments to achieve growth on a three-year rolling basis. 

Led by Alec Cutler, the fund aims to beat returns of its benchmark – 30 per cent MSCI World Index and 70 per cent JP Morgan Global Government Bond Index hedged into sterling.

The fund sits in the IA Targeted Absolute Return sector and employs the same innovative refundable performance fee structure as that of the rest of the range. Under this fee structure, clients do not pay ongoing charges. They only pay a fee when the fund outperforms its benchmark and during periods of underperformance, fees are refunded to investors, Orbis said in a statement. 

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