Launches & Closures

Oriel unveils long-biased UCITS


Oriel Asset Management is launching a long-biased UCITS fund, managed by its founding partner and chief investment officer David Urch.

The UK-domiciled TB OAM UK Equity Market Fund typically holds 35 to 40 positions, and invests across the market capitalisation spectrum and in all sectors utilising strong fundamental research supported by macroeconomic and technical analysis.

Urch says: “The fund's return profile can be enhanced by selective short sales, allowing the manager to exploit research ideas pointing to absolute downside.

“The fund will not be geared, meaning that short positions will have to compete with long ideas for capital, adding