Tribeca Investment Partners, the former Jenkins Investment Management, will be pushing the boundaries in funds management, perhaps emulating the edginess of the avante garde Manhattan district which is the firm’s new namesake.
David Aylward, co-founder and managing director, said at a re-branding party last week that the firm’s new name and logo were chosen to reflect its willingness to explore the edges of mainstream funds management. The boutique, launched by Aylward and Paul Jenkins in 1998, adopts a mix of fundamental and quantitative techniques for its funds. It launched an active extension (130:30) fund last year managed by Sean Fenton, which was the top-performing open fund in its class in the 12 months to September. Aylward said at the party: “Yesterday I lunched with our previous namesake, Paul Jenkins, and we recalled how the name we have used for nearly 10 years was only ever meant to be a working title while we applied for our licence. “Since Paul and I founded the business… our culture, our philosophy and our skills have all evolved, as they should. With that in mind and with Paul’s exit from the business earlier this year, as a team we felt it was the right time to select a name that better represents who we are.” Tribeca recently expanded its portfolio management team with the recruitment of experienced sell-side analyst Lachlan Drummond.
The brunt of losses from the LA wildfires are expected to be borne by primary insurers and high-risk reinsurance programs, but super funds are nevertheless closely monitoring the possible impact of the fires on catastrophe bond and insurance-linked securities exposures.
Simon HoyleJanuary 17, 2025
