FOR IMMEDIATE RELEASE
Steamboat Capital Partners Launches
on The Sciens Managed Account Platform
The launch boosts Sciens event driven offering
LONDON, NEW YORK, 06 July, 2015 - Sciens Alternative Investments, part of the Sciens Capital
Management Group and provider of single and multi-strategy funds of hedge funds and managed account
services, today announced that New York based Steamboat Capital Partners has launched its event driven
long short strategy on the Sciens Managed Account Platform.
Steamboat Capital Partners is a fundamental, value oriented investment firm that specialises in
undervalued and catalyst driven investments. The vehicle on the Sciens Managed Account Platform follows
an opportunistic investment strategy primarily in US listed equity and debt securities across the market
capitalisation spectrum, industry sectors and capital structures, with a focus on capital preservation. The
strategy is deploying minimal leverage and has a long term investment horizon. The portfolio is
concentrated in high conviction ideas on both the long and the short sides.
The strategy is being led by Parsa Kiai, Steamboat’s Portfolio Manager. Since the inception of the strategy in
July 2012, it has generated an annualised return of over 19% with a Sharpe ratio of 3.2 and volatility of 6%.
Parsa Kiai said: “While we are pleased with our current portfolio, we continue to see interesting
opportunities on both the long and short sides. At this point, the pipeline of ideas on the short side of the
portfolio has become particularly rich. We think a number of these opportunities may bear fruit in the
coming quarters.”
John Rigas, CEO, and Ioannis Bitsios, Portfolio Manager, of Sciens Capital commented: “We are delighted to
announce the launch of the SGAS PCC Ltd – Scarlet Omega (Steamboat) Cell on our managed account
platform. The strategy has generated very strong risk-adjusted returns since inception, with alpha from
both the long and the short sides of the portfolio. Significant outperformance in periods of equity market
turmoil and a differentiated stock selection process with limited position overlap with other hedge funds
has led to relatively low correlation to equity markets and peers.
We are excited about growing our relationship with Steamboat Capital given their proven record of
superior stock selection and alpha generation and their ability to capture opportunities in the event driven
space and benefit from increased levels of corporate activity in North America.”
The Guernsey Managed Account Platform was launched in November 2001, and has recently been
enhanced with a fully compliant AIFMD platform based in Ireland. Sciens remains true to its goal of
discovering and launching high quality emerging managers who are on the path to become the next big
name of the future.
-ENDS-
Steamboat Capital Partners
Steamboat Capital Partners is a New York based investment manager founded in July 2012 and has US$125
million 1 in assets under management. The founder, Parsa Kiai, is the CIO and Portfolio Manager. Prior to
founding Steamboat, Mr. Kiai was a Partner at Sonterra Capital from 2008 to 2012 and an analyst covering
the energy sector at Perry Capital from 2005 to 2008. He started his career as an analyst in the investment
banking division at Goldman Sachs. He graduated from Cornell University with a degree in Applied
Economics and Management.
Sciens Capital Management
Sciens Capital Management Group is an independent alternative asset manager with approximately US$5.5
billion 2 in assets through its funds of hedge funds, advisory, private equity and real assets platforms. The
Group employs over 100 people globally with its principal offices in New York and London. The Group was
founded by John Rigas in 1994.
Sciens Managed Account Platform
Sciens’ Managed Account Platform is an investment vehicle that can be used to replicate alternative
investment strategies, for example, hedge fund investments. As a managed account provider, Sciens is
dedicated to managing operational risk and has developed a proprietary risk monitoring system that
provides state-of-the-art, flexible risk analytics and reporting. Sciens has complete control over the
managed account platform and provides investors with useful transparency. Liquidity of the managed
account corresponds to the best liquidity the underlying positions can provide. Sciens is able to tailor a
managed account to investors’ needs including the provision of bespoke reporting.
Press contact
If you would like further information on Sciens or if you have any questions on this announcement, please
contact:
Alena Kuryanovich
T: +44 (0)20 7078 0613
E: akuryanovich@sciensam.com
If you would like further information on Steamboat Capital Partners or if you have any questions on this
announcement, please contact:
Jeff Rose
1
2
As of 1 June 2015.
As of 31 March 2015.
T:+1 (212) 209 3920
E: jrose@steamboatcp.com