In November 2018, SerendipEquity launched the beta version of the Alpha-Elite Allocation Engine used to create a multi-manager index portfolio for the Deutsche Bank dbSelect liquid alternatives platform.
Our proprietary allocation engine quantitatively analyses and ranks hedge fund managers across multiple risk and performance dimensions. It also determines the optimal combination of managers required to achieve superior risk-adjusted portfolio returns.
Retention of Specialist Hotel Advisors
In January 2019, SerendipEquity retained the services of the specialist advisors Scandic Hotels (formerly HTL) for Hotel Emmaus and HVS for Hotel Reine.
Scandic is the largest Nordic hotel operator with a network of 280 hotels. HVS are experts in all aspects of hotel management, valuation and consulting, with extensive experience across five continents.
Retention of Hotel Architects
In December 2018, SerendipEquity retained the services of the architects Luigi Ricciuti for Hotel Reine Victoria (St. Moritz) and Bertone Design for Hotel Emmaus (Sicily).
With its multi-disciplinary approach to architectural design and careful consideration of the natural environment, Bertone is ideally suited to the Hotel Emmaus project, which is located within the Etna Regional Park. Luigi Riccuiti, who will be working on our Hotel Reine project, has a strong portfolio and recently completed another project for a high-end mountain resort in the Russian Federation.
Hotel Reine Victoria
In October 2018, SerendipEquity signed a sales and purchase agreement for Hotel Reine Victoria in St. Moritz, Switzerland.
This beautiful hotel is decorated in the ornate Art-Nouveau style and only 100 yards from the ski lifts. Just opposite the hotel there is a wellness centre, indoor pool and sports centre.
[Click on gallery to scroll photos]
Hotel Emmaus
In September 2018, SerendipEquity signed a sales and purchase agreement for Hotel Emmaus in Sicily, Italy.
The hotel is situated on the slopes of Mount Etna, the highest active volcano in Europe. Its beautiful location between the mountains and Ionian Sea makes it ideally suited for development into a luxury spa hotel, with a private beach club also envisaged.
FCA-authorisation of LAP Partners
In August 2018, Victoria Roberts and Etienne Botes, who belong to the Liquid Alternatives Partners (LAP) team, were both approved by the Financial Conduct Authority for the CF4 Partner and CF30 Customer Functions.
Junior Loan on Verditek Stock
In July 2018, SerendipEquity secured a junior loan on the stock of Verditek PLC, an AIM-quoted clean technology company.
Verditek is dedicated to commercialising proven technology to deliver significant competitive advantage compared to conventional industrial solutions. It currently has investments in industrial odour control, solar energy and CO2/H2S capture technology.
Equity Investment in Lucky Minerals
In June 2018, SerendipEquity made an equity investment in Lucky Minerals Inc, a mineral exploration and development company listed on the Canadian stock exchange. Of particular interest is the company’s Fortuna Project in Ecuador, a country with the highest concentration of volcanoes after Iceland (volcanoes are directly linked to mineral deposits).
Ecuador has been virtually untouched by modern exploration, with rich potential for the discovery of world-class copper and gold deposits.
Agreement with FCA-regulated AIFM
In April 2018, SerendipEquity and Liquid Alternatives Partners signed a partnership agreement with Farm Street Partners Investment Management LLP, an alternative investment fund manager regulated by the Financial Conduct Authority (ref: 530002). Farm Street will be responsible for overseeing any internal hedge fund strategies seeded by SerendipEquity.
Formation of LAP and SCAI
In March 2018, SerendipEquity set up two subsidiary companies: Liquid Alternatives Partners (LAP) LLP for hedge fund and multi-manager investments, and SerendipEquity Capital Advisors International (SCAI) LLP for investments in real assets.
