Algebris (uk) LTD
Algebris (UK) Limited is a London-based global asset manager founded in 2006, historically specializing in global financial sector investments. As of October 2021, it managed over $18 billion in assets. The firm operates with offices across Europe, the US, and Asia, serving institutional and professional investors worldwide. Algebris is known for its deep sector expertise, regulatory insight, and commitment to sustainable investing, employing over 100 people.
Investment Strategy
Algebris has a core focus on the global financial sector, utilizing a strategy that spans the entire capital structure of financial institutions—from equity to debt, including AT1 bonds. The team leverages deep sector knowledge to identify opportunities and manage risks, specializing in subordinated debt and the capital structures of systemically important financial institutions. Their research-driven approach actively incorporates regulatory trends, market complexity, and unique financial sector metrics, enabling them to deliver alpha through both long-term investment in financials and forays into adjacent areas like non-performing loans and green transition assets.
Top Holdings
Equity Positions (36)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LNC | LINCOLN NATL CORP IND | 8.22% | $52.1M | 1,509,150 | $32.76 | $34.60 | +$20.4M |
C C | CITIGROUP INC | 8.21% | $52.1M | 612,696 | $71.86 | $85.12 | +$15.3M |
C CFG | CITIZENS FINL GROUP INC | 7.88% | $50.0M | 1,119,103 | $40.78 | $44.75 | +$11.8M |
F FHN | FIRST HORIZON CORPORATION | 7.17% | $45.5M | 2,147,478 | $20.10 | $21.20 | +$21.5M |
B BAC | BANK AMERICA CORP | 6.12% | $38.8M | 821,881 | $42.13 | $47.32 | -$6.5M |