Banor Capital, the €1.7 billion London-based investment management firm, has renamed the Banor SICAV North America Long Short Equity Fund to reflect the fund’s increasing focus on companies active in the field of energy transition, with a particular emphasis on the battery value chain.
It is now named the Banor SICAV Volta Long Short Equity Fund.
The move came in response to increasing demand from institutional investors for exposure to the energy transition theme, and Banor Capital selected Westbeck Capital LLP to take over as adviser to the fund.
The firm was chosen because of its significant long/short experience and track record of outperformance, demonstrated though Westbeck Volta, a Cayman fund launched in July 2019. Since inception this fund has achieved a return of 93%, after fees, with a Sharpe ratio of 2.01.
Westbeck Capital LLP was appointed advisor to the UCITS-compliant Banor SICAV North America Long Short Equity Fund on 1st April 2021, since which point it has returned +18.64%, while the Solactive Battery Chain Equity Index lost -4.39% and the MSCI World returned +0.60%.
The Banor SICAV Volta Long Short Equity Fund provides investors exposure to global stocks across sectors related to the global energy transition, in particular the battery value chain. The fund invests long and short across five key segments: batteries, end markets, renewables, intermediates and raw materials.
