Saltus Partners' Kemp seeks deep discounts in listed alternative ITs

Saltus Partners' multi-manager Dan Kemp is finding compelling value in listed alternative investment trusts and is looking to profit from the sector's deep discounts.

Kemp, manager of the £22m Multi Asset Class fund, has doubled its exposure to private equity and REITs from 6% to 12% during the last nine months. Kemp said he is taking advantage of poor sentiment and increased corporate activity across the alternatives space. “Listed alternative funds offer a very attractive combination of deep discounts, rising NAV growth and high levels of corporate activity,” he said. “As NAVs rise, we would expect greater investor interest, which will help narrow discounts. “The increased corporate activity provides a catalyst to accelerate this process or...