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CF Partners plays oil market dislocations with new energy-focused event vehicle

By Staff Writer

Fri Feb 26, 2016

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Elvis Pellumbi

Energy and commodities specialist CF Partners’ newly-launched CFP Opportunity Fund – an event-driven strategy launched in December with a specific focus on energy – has enjoyed a positive start, seizing on the continuing dislocation in the oil market.

The Dublin-domiciled fund is positioned as a market-neutral long/short event driven strategy, with low market exposure. It invests in both credit and equity, at all levels of the capital structure in energy companies, with the portfolio comprising between 30 and 40 positions, primarily pair trades and capital structure arbitrage trades. It has an annual target return of 12-15% net of fees, with 7-8% volatility, and gained around 1% in January when many other event strategies were down or flat.

The fund is run by portfolio manager Elvis Pellumbi, a 17-year industry veteran specialising in long/short event-driven investing across the capital structure in bonds, senior loans and equities.

Pellumbi was previously...

ISSN: 2151-1845 / CDC10004H

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