Brett Barakett';s Tremblant Capital Launches Actively Managed ETF

Rhea-AI Summary

Tremblant Capital, founded by Brett Barakett, has launched the Tremblant Global ETF under the ticker 'TOGA' on the NYSE. The actively managed ETF aims for long-term capital appreciation by investing in companies undergoing disruptive change and durable growth businesses. The strategy focuses on capturing growth in free cash flows using fundamental research and global investment management expertise.

Positive

• TOGA offers investors tax advantages and the innovation of an ETF, combining Tremblant's 23 years of experience with the benefits of an ETF structure.

• The ETF provides liquidity, transparency, and ease of use for investors, enhancing the power of compounding through tax efficiency.

• Tremblant's investment team, led by Brett Barakett, has a proven track record of recognizing and evaluating compelling opportunities, focusing on delivering long-term value and utilizing analytical approaches and sector expertise.

Negative

• None.

Financial Analyst

The introduction of the Tremblant Global ETF (TOGA) marks a significant expansion in the suite of products offered by Tremblant Capital. By capitalizing on Tremblant's established research methodologies and global investment management experience, TOGA promises to provide a more tax-efficient investment alternative compared to traditional mutual funds. This is achieved through the inherent structure of ETFs which tend to result in fewer capital gains distributions. Additionally, the ETF's stated focus on identifying companies with the potential for disruptive change or sustainable long-term growth signals an active management approach that could cater to investors seeking growth-oriented portfolios. However, while the potential for higher returns exists, active management also entails greater risk and often comes with higher expense ratios than passive funds. Investors would do well to weigh these considerations against their personal investment goals and risk tolerance.

Taxation and Investment Expert

From a taxation perspective, the launch of TOGA presents a compelling opportunity for investors to enhance the efficiency of their investment portfolios. ETFs are generally known for their tax advantages over mutual funds, mainly due to their unique creation and redemption process which typically allows for the avoidance of capital gains distributions that can occur with mutual funds. This benefit is particularly pronounced in a climate where tax efficiency is a growing concern for investors. Furthermore, given that TOGA is an actively managed ETF, it seeks to offer the dual benefits of strategic asset selection through active management combined with the tax efficiency typical of ETF structures. It's worth noting that while these attributes may offer an attractive proposition, the real-world tax implications will ultimately depend on a variety of factors including investor-specific situations and market conditions.

Market Strategist

TOGA's launch introduces a fresh actor into the dynamic world of actively managed ETFs, an area that's gaining traction among investors hungry for alternatives to passive index funds. The fund's investment philosophy, which hinges on the identification of disruptive and long-term growth opportunities, reflects a trend in investment strategies that seeks to capitalize on market inefficiencies and emergent industry trends. The active management component, underscored by a rigorous analytical framework and sector expertise, is designed to adapt to market shifts and curate a portfolio that can outperform over the long haul. Nevertheless, it's important for investors to recognize that while such strategies can lead to outperformance, they can equally suffer from market volatility and may underperform during certain market conditions. The success of TOGA in achieving its investment objectives will likely be a function of the Tremblant team's ability to implement their strategy effectively in a constantly changing market landscape.

New investment vehicle combines more than two decades of experience investing clients’ capital with the tax advantages and innovation of an exchange-traded fund

NEW YORK--(BUSINESS WIRE)-- Tremblant Capital (“Tremblant”), a global public equity investment firm founded by Brett Barakett in 2001, has launched the Tremblant Global ETF under the ticker “TOGA” on the New York Stock Exchange. TOGA is an actively managed ETF that seeks long-term capital appreciation by leveraging Tremblant’s fundamental research and global investment management expertise.

TOGA seeks to identify investments in two categories: companies undergoing disruptive consequential change, and durable long-term growth businesses. The strategy aims to capture compelling growth in free cash flows that are often underappreciated by other market participants. Tremblant’s investment process generally utilizes a combination of business model assessment, financial model analysis, proprietary data science research, and deep industry knowledge. TOGA will generally hold 30-50 positions in developed markets, with an emphasis on large-mid cap companies.

“TOGA is an important milestone in the continued evolution of our firm as it combines Tremblant’s 23 years of experience investing our clients’ capital with the tax advantages and innovation of an ETF,” said Brett Barakett, Chairman and Chief Investment Officer. “We believe this ETF provides investors with important benefits in that it increases the power of compounding through its tax efficiency, while offering liquidity, transparency, and ease of use.”

Mr. Barakett’s investment career spans three decades and numerous market cycles. He, along with the firm’s four senior investment partners have worked together extensively for nearly 20 years and possess a proven track record of recognizing and evaluating compelling opportunities.

Mr. Barakett added, “Our team focuses on delivering long-term value through our analytical approach and sector expertise. Our people and investment process continue to be our most critical assets.”

About Tremblant Capital:

Tremblant Capital is a global public equity investment firm founded by Brett Barakett in 2001. With a strong emphasis on deep fundamental research, sector expertise, and a variant long-term perspective, Tremblant offers several public equity strategies designed to provide superior differentiated returns. Tremblant is registered with the U.S. Securities and Exchange Commission as a Registered Investment Adviser and designated as Qualified Professional Asset Manager under ERISA regulations. For more information, please visit www.tremblantcapital.com.

For additional information on TOGA, please visit www.TremblantETF.com.

Disclosures

An investor should consider the investment objectives, risks, and charges and expenses of TOGA (the “Fund”) carefully before investing. The Prospectus, which contains this and other information about the Fund, may be obtained by visiting www.tremblantetf.com. Please read the prospectus carefully before investing.

Tremblant Advisors LP, a subsidiary of Tremblant Capital LP, is the investment adviser to TOGA. The Tremblant Global ETF is distributed by Quasar Distributors, LLC.

Investing in ETFs involves risk, including potential loss of principal. American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) are subject to the risks associated with investing directly in foreign securities. In addition, investments in ADRs and GDRs may be less liquid than the underlying shares in their primary trading market. Investments in emerging markets securities are considered speculative and subject to heightened risks in addition to the general risks of investing in foreign securities. Fund investments in foreign currencies and securities denominated in foreign currencies are subject to currency risk. The Fund is actively-managed and may not meet its investment objective based on the Adviser’s success or failure to implement investment strategies for the Fund. A new or smaller fund is subject to the risk that its performance may not represent how the fund is expected to or may perform in the long term. In addition, new funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies. The Fund is an ETF, which is a fund that trades like other publicly-traded securities. ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is not an index fund.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240503154013/en/

Tremblant Capital:

Tremblant Investor Relations

tremblantinvestorrelations@tremblantcapital.com

+1 212 303 7358

Media:

Mike Geller

Prosek Partners

mgeller@prosek.com

Source: Tremblant Capital

FAQ

What is the ticker symbol for the Tremblant Global ETF launched by Brett Barakett's Tremblant Capital?

The ticker symbol for the Tremblant Global ETF is 'TOGA' on the New York Stock Exchange.

What is the investment strategy of TOGA?

TOGA aims for long-term capital appreciation by investing in companies undergoing disruptive change and durable growth businesses, capturing growth in free cash flows.

Who is the Chairman and Chief Investment Officer of Tremblant Capital?

Brett Barakett is the Chairman and Chief Investment Officer of Tremblant Capital, leading the firm's investment team with decades of experience.

How many positions does TOGA generally hold in developed markets?

TOGA generally holds 30-50 positions in developed markets, with a focus on large-mid cap companies.

What are the key benefits of investing in TOGA?

Investing in TOGA provides tax advantages, liquidity, transparency, ease of use, and the expertise of Tremblant's investment team with a proven track record.