Seilern Investment Management, a London-based investment management boutique, aims to increase its presence significantly in the UK and Europe.
For most of its thirty-year existence Seilern has focused on the institutional customers such as pension funds. Going forward, however, it intends to make its products and services available to a much wider market by targeting the intermediary market.
“As 2019 progresses Seilern will be making greater efforts to forge relationships with fund of fund selectors, family and private investment offices and discretionary investment managers generally,” a spokesman for the firm told Fundeye.
“The Seilern Stryx World Growth Trust would be a sensible long-term core holding for a portfolio and we would love to acquire the management contract for an investment trust or a portion thereof whether generally for quality global equities or America or Europe (including the UK).”
To this end Seilern has expanded the range of investable share classes for its small family of UCITs. These now include clean share classes as well as institutional share classes.
In addition the firm has recently become a member of the Investment Association (IA), the investment management sector’s main trade association as part of the drive to promote the Seilern Stryx World Growth, the Seilern Stryx America and Seilern Stryx Europa funds in the UK.
All three funds can now be purchased directly or on a large number of investment platforms throughout Europe and the UK. These include Allfunds, Transact, Ascentric, Boursorama, Comdirect Ebase, Consorbank, DWP, FFB Fil Fondsbank, ATTRAX, BNP Paribas Cardif and Moventum.
Seilern also has third party distribution arrangements to cover Spain, Italy, Switzerland and Latin America.
All three funds use the same scalable investment management process developed by Mr Seilern over a long career in the investment management sector to invest in concentrated portfolios of equities.
This commenced in 1973 when he joined Creditanstalt-Bankverein in Vienna. He then worked as an institutional portfolio manager with Hambros Bank from 1970 to 1986 before managing private client portfolios for Notz, Sticki & Cie, both in Geneva and London.
In 1989 he launched Seilern Investment Management which operates out of offices in London’s Portman Square.
Consistent investment performance is usually of critical importance to a fund selector. All three Seilern Stryx UCITs have outstanding long term performance records.
This is especially the case with the Seilern Stryx World Growth Fund, the firm’s flagship with $925 million of assets under management at 28 February 2019.
Launched on 5 July 1996 this has generated a cumulative return of 206.0 percent since its launch. This compares to the 103.7 percent return by the MSCI World Index (total return) over the same period.
The Seilern Stryx World Growth Fund has also outperformed the MSCI World Index over shorter periods.
It has generated returns of 8.2 percent, 60.3 percent and 71.9 percent over one, three and five years respectively (to 28 February 2019). The MSCI World has generated 0.4 percent, 42.9 percent and 37.2 percent.
The Seilern Stryx America and Seilern Stryx Europa funds have also outperformed their performance benchmarks significantly.
Launched on 11 June 2007 the $167 million Seilern Stryx America fund has generated a cumulative return of 168.3 percent since launch compared with S&P 500’s 136.4 percent.
Over one, three and five years the fund has generated returns of 8.5 percent, 73.1 percent and 98.4 percent. The S&P 500 has return 4.7 percent, 53.2 percent and 66.0 percent over the same time periods.
The $57 million Seilern Stryx Europa Fund, which launched on 19 October 2009, has produced a cumulative return of 179.0 percent since launch compared to the 92.7 percent produced by the MSCI Europe (total return) index over the same period.
Over one, three and five years the fund has generated returns of 11.2 percent, 17.3 percent and 31.7 percent compared to the 1.3 percent, 22.0 percent and 25.7 percent produced by the MSCI Europe index.
