P&G SGR is an independent asset manager, founded in 2004 with the objective to provide access to absolute investment opportunities within areas of the market which are still poorly covered. The company has a marked quantitative profile and manages real estate and securities portfolios.
Investments are made according factors such as risk, security, structure and liquidity. The ability to invest in global markets and in a variety of currencies helps to ensure the best value investments are made.
ABS Fund:
P&G Structured Credit Opportunities is an investment fund incorporated under Irish law. The fund’s objective is to generate
double-digits returns through active management of a portfolio of European ABS securities
focused on the mezzanine part of the capital structure.
The fund adopts an opportunistic approach where the trading activity constitutes a relevant
driver of performance, adapting its investment strategy to current market conditions
and to the stages of the economic cycle. The investment style is relative value, bottom-up
and the investment portfolio is typically diversified across 10-12 investment ideas for
a total of 35-50 overall positions. Leverage and short selling are allowed under the
mandate. NAV is calculated on a monthly basis and the minimum investment amount is 100.000
Euro.
CDOs of ABS:
Launched in 2005, ZOO II is a CDO of ABS with focus on the mezzanine part of the capital structure of European ABS deals. The reinvestment period ended on december 2010. Aggregate collateral balance at launch was 250 mln EUR. The notes of Zoo2 trades on the secondary market and are split in tranches of different seniority and yield. The underlying ABS portfolio of Zoo2 is highly granular and diversified.
Launched in 2007, ZOO IV is a CDO of ABS with focus on the mezzanine part of the capital structure of European ABS deals.
The reinvestment period ended on may 2012. Aggregate collateral balance at launch was
500 mln EUR. The notes of Zoo4 are fully redeemed. The Internal Rate of Return for the
equity holders (annualized) was 14%
We execute both value-added and income-focused investment strategies across all major property sectors in Italy. We seek to acquire assets that can be enhanced by active asset management such as redevelopment, change of use, or repositioning and well-located, high quality investments that generate attractive risk-adjusted returns for our investors.
The portfolio consists of 169 real estate assets distributed in four buildings in the province of Padova, Treviso, Venezia, and two commercial development areas, in the provinces of Bologna and Padova.
"Comparto Italia" of "Fondo Italia Real Estate Investments" is a fund invested in both real estate assets and shareholdings in real estate companies. The Fund' strategy is mainly focused on investing in income producing commercial/directional and tertiary/productive real estate, located throughout the entire national territory, as well as in residential building development initiatives. The assets of the fund currently consists of 4 detached buildings located in Roma, Milano and Piacenza, and a development of a complex of luxury villas in Capalbio.
A reserved real estate alternative investment fund, commenced operations on 8 August 2016 by means of a contribution of 79 residential properties in Tuscany, most of them rented for residential purposes. The assets have been contributed to teh Fund by a cooperative company active in the real estate and construction sector in Tuscany since 1976.
Purpose of the Fund is to enhance the asset value, by building and/or restructuring the units and gradually disposing of
them into the retail or the wholesale investors market. The current assets of the Fund
consist of 188 real estate units:
-a residential real estate building completed and currently
being marketed, located in Milano;
-an industrial building located in Trivolzio (Pavia);
-and a residential building in Liscia di Vacca, near Porto
Cervo;
P&G manages individual ABS portfolios for institutional investors willing to gain a personalised exposure to the asset class. The client may choose the risk/return profile he is willing to achieve and also indicate a benchmark versus which to measure the performance of the portfolio.
ABS vs benchmark
P&G SGR set up the new Credit Management Business Unit, structured through a family of credit funds reserved for institutional investors. Credit funds are dedicated to the new forms of NPE management positions, originating from small and medium-sized banks. The Fund will professionally manage the Credit Portfolio transferred, with the aim of optimizing the cash flows resulting from the recovery of bad debts and allocating income among the Participants.
P&G Credit Management Uno is composed by over thousand credit secured and unsecured positions. It is one of the first Credit Fund based on NPE collections. The Fund manages an Npl portfolio awarded by six Participant Banks with a gross book value over 50 million.
P&G Utp Management is composed of over two hundred credit secured and unsecured positions. The objective of the Fund is to improve the quality of the debtors and the recovery rates of the loans purchased through debt restructuring agreements. The Fund manages a Utp portfolio awarded by five Participant Banks with a gross book value of over 40 million.
P&G SGR was founded by a group of professionals with a direct experience in capital markets, with the idea of using their trading experience in the asset management business. Founded in 2004 P&G is an independent asset manager, authorised in 2005 by Bank of Italy
P&G is a manager of absolute return products with no correlation with the equity and the fixed income markets.
The products managed by P&G are positioned to cover the entire spectrum of the efficient frontier.
The managers intend to reach sharpe ratios higher than1, through the identification of alpha generating strategies.
The investment style adopted by P&G is active.
P&G SGR was founded with the aim of using the market experience of a senior team of active professionals to provide Asset Management services. The company has diversified, through time, in a complete and wide range of investment products. P&G has close to 1 billion Euro under management, invested in Real Estate funds, ABS Funds, CDO of ABS, opportunistic total return investment funds and private investment portfolios. As per the activity on securities funds, the focus is on absolute return strategies within niche sectors. P&G has contributed to the creation of the CDO of ABS market and is today one of the main players in this field. The Real Estate team has focused its investment efforts on contribution funds with specific restructuring needs especially on the liability side. P&G can count on a highly qualified team of over 20 professionals with diverse backgrounds and skill sets. This has allowed the company to establish itself as a well recognised niche investment boutique. The company believes in clear communication and full transparency towards its investors and strives to achieve constant innovation in terms of investment research and selection of opportunities.
P&G’s team is extremely senior and has a significant market experience. This background allows the manger to rely on an ample network of international relations, which is crucial in the identification of the most appealing investment opportunities.
Taylor Made Approach
Productive
Focused
Flexibility
P&G’s team is extremely senior and has a significant market experience. This background allows the manger to rely on an ample network of international relations, which is crucial in the identification of the most appealing investment opportunities.
Managing Director
Managing Director
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