Angel Oak Capital Advisors celebrates the fifth anniversary of the MontLake Angel Oak Multi-Strategy Income UCITS Fund, which has already surpassed the firm’s five-year growth target.
Since launching five years ago, the fund has achieved a 4.09% annualized return, with approximately $965 million in assets under management. The fund – which provides investors with exposure to US non-agency residential mortgage-backed securities (RMBS) and other structured credit assets – has also generated positive net inflows of approximately $200 million.
“Global investors are realizing the resilient story of the US housing market as the sector exhibits strong fundamentals and attractive yields,” said Sam Dunlap, portfolio manager and CIO of public strategies at Angel Oak Capital Advisors. “We continue to see positive numbers coming out of the US housing market and expect this momentum to continue well into 2021. This area can be especially appealing from a yield perspective when compared to the broader fixed-income universe.”
In a statement, Angel Oak said that it has decided to expand its “distribution efforts beyond the US for the fund and other Angel Oak strategies” by establishing a strategic partnership with London-based Bury Street Capital earlier this year.
“Institutional investors are finding that the MontLake Angel Oak Multi-Strategy Income UCITS Fund complements the income or alternative sleeve of their portfolio, but also acts as a diversifier due to its low correlation to traditional fixed-income assets,” said Robert Drake, managing director at Bury Street Capital. “Another core component that has helped the fund is Angel Oak’s reputation and expertise in the US residential mortgage market. They’ve established themselves as one of the preeminent teams in this space, and these factors have helped deliver an exceptional five years for the fund.”