• FOUNDED
    2006
  • EMPLOYEE
    OWNERSHIP
    100%
  • EMPLOYEES
    34
  • INVESTMENT
    PROFESSIONALS
    12
Oceanwood is a European-focused investment manager specialising in catalyst-driven investment opportunities across the capital structure.

Oceanwood was founded in 2006 and is one of the longest running, continuously operated investment firms dedicated to investing in Europe.
We invest in a range of strategies, dynamically allocating capital across the capital structure and are not constrained to a single strategy at any point in time. Oceanwood manages capital for institutional investors, including leading public and corporate pensions, endowments, foundations, insurance companies and family offices.

    • ABOUT US //
    • FIRM HISTORY
    FIRM HISTORY
    Christopher Gate founded Oceanwood Capital in 2006 and launched the firm's flagship event-driven hedge fund in September of that year.

    • Prior to launching Oceanwood, Chris managed Tudor Investment Corporation's event driven strategies for six years after previous roles at Barclays Capital and Bankers Trust.

      20+
      YEARS

      He began his career at Goldman Sachs and has been running investment strategies similar to those employed at Oceanwood for over 20 years.

      Oceanwood has managed client capital through a period of extreme market turbulence including the collapse of Lehman Brothers and the 2008 financial crisis, the ensuing European sovereign debt crisis culminating in the Greek bailouts, and more recent political upheaval. Through this period, Oceanwood's flexible investment approach has enabled it to identify and invest across the capital structure of European companies.

    • 2006
  • ABOUT US //
  • APPROACH
APPROACH
    • Oceanwood employs a dynamic investment approach across the capital structure and through the business cycle, which is not constrained to a single strategy at any point in time
    • There is a strong focus on the balance sheet to identify opportunities for restructuring, refinancing or other value transfers between stakeholders

    Our ability to employ a wide range of investment strategies allows us to find opportunities in all market environments.


    Value with a catalyst, stressed/distressed, constructive activism, merger-arbitrage, alpha shorts & hedging all form part of the broad investment strategy.

  • ABOUT US //
  • STRATEGY
STRATEGY
A consistent investment strategy that is designed to provide investors with absolute returns, through-the-cycle, by applying a fundamental approach to catalyst-driven investing. The strategies and instruments employed vary at different points in the cycle.

  • EQUITY
    EQUITY
    • Focus on companies and industries undergoing change
    • Identify mis-pricings, focus on the balance sheet
    • Spot targets and arbitrage announced M&A in expansionary periods
    • Distinguish 'winners' from 'losers' in contractionary periods
  • CREDIT
    CREDIT
    • Focus on balance sheet restructuring
    • Target companies where restructuring is imminent
    • Seek out corporate bonds with catalysts for value release
    • Arbitrage spreads, if attractive, in announced transactions
  • DISTRESSED
    DISTRESSED
    • Focus on value transfers between credit and equity
    • Conduct extensive fundamental downside analysis
    • Manage sizing and liquidity carefully
    • Construct trades with low correlation to the markets
FLEXIBLE ALLOCATION OF CAPITAL ACROSS THE CAPITAL STRUCTURE, THROUGH
THE BUSINESS CYCLE
  • ABOUT US //
  • ESG COMMITMENT
ESG COMMITMENT
Oceanwood is committed to ESG practices across the firm and its funds.

ESG Integration

  • Oceanwood’s investment philosophy has incorporated Environmental, Social and Governance factors from the outset, evaluating the financial impact of ESG risks.
  • The investment team sees engagement as an integral part of their investment process and has a long history of engagement and active ownership with a focus on reducing ESG Risks.
  • Oceanwood has established an ESG Committee consisting of senior individuals representing a range of business areas, both investment and non‑investment.
  • Oceanwood became a PRI Signatory in January 2021 and is committed to adhering to the PRI’s six Principles for Responsible Investing.

Carbon Neutral
Organisation

  • Oceanwood has partnered with Carbon Footprint Ltd to become a fully Carbon Neutral Company meeting the British Standard Institute’s specification of carbon neutrality.
  • Carbon Footprint Ltd assesses Oceanwood’s carbon footprint and makes recommendations to reduce it over time.
  • Carbon emissions are offset through supporting high-quality projects around the world, for example the Freedom Flight prize which aims to accelerate the development of zero-carbon aviation.

Carbon
Disclosure Project

  • Oceanwood Capital is an Investor Signatory of the Carbon Disclosure Project (CDP), a non-for-profit charity, seeking to promote industrial-scale environmental disclosure and engagement, aligned with the TCFD (Task Force on Climate-related Financial Disclosures).
  • The CDP runs a global disclosure system for investors to manage environmental impacts.
  • As an investor signatory, Oceanwood is able to nominate companies to report on environmental factors (climate, forests and water).
  • Oceanwood can also access a database of environmental information to inform decision making, engage with companies, reduce ESG risks and identify opportunities.

Say on Climate

  • Oceanwood Capital pledges support for Say on Climate, a shareholder voting plan to manage emissions to achieve climate change.
  • Signatories encourage listed companies to submit a Climate Transition Action Plan at their AGM for a shareholder vote. Where companies won’t do so voluntarily signatories will vote for and file AGM resolutions (whenever we have sufficient votes) requiring such votes.
  • Oceanwood’s investment philosophy has incorporated Environmental, Social and Governance factors from the outset, evaluating the financial impact of ESG risks.
  • The investment team sees engagement as an integral part of their investment process and has a long history of engagement and active ownership with a focus on reducing ESG Risks.
  • Oceanwood has established an ESG Committee consisting of senior individuals representing a range of business areas, both investment and non‑investment.
  • Oceanwood became a PRI Signatory in January 2021 and is committed to adhering to the PRI’s six Principles for Responsible Investing.
  • Oceanwood has partnered with Carbon Footprint Ltd to become a fully Carbon Neutral Company meeting the British Standard Institute’s specification of carbon neutrality.
  • Carbon Footprint Ltd assesses Oceanwood’s carbon footprint and makes recommendations to reduce it over time.
  • Carbon emissions are offset through supporting high-quality projects around the world, for example the Freedom Flight prize which aims to accelerate the development of zero-carbon aviation.
  • Oceanwood Capital is an Investor Signatory of the Carbon Disclosure Project (CDP), a non-for-profit charity, seeking to promote industrial-scale environmental disclosure and engagement, aligned with the TCFD (Task Force on Climate-related Financial Disclosures).
  • The CDP runs a global disclosure system for investors to manage environmental impacts.
  • As an investor signatory, Oceanwood is able to nominate companies to report on environmental factors (climate, forests and water).
  • Oceanwood can also access a database of environmental information to inform decision making, engage with companies, reduce ESG risks and identify opportunities.
  • Oceanwood Capital pledges support for Say on Climate, a shareholder voting plan to manage emissions to achieve climate change.
  • Signatories encourage listed companies to submit a Climate Transition Action Plan at their AGM for a shareholder vote. Where companies won’t do so voluntarily signatories will vote for and file AGM resolutions (whenever we have sufficient votes) requiring such votes.
  • London

Commitment to the UK Stewardship Code

Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, Oceanwood Capital Management LLP ( “Oceanwood”) is required to disclose the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with UK equity issuers. Investors that commit to the Code can either comply with it in full or choose not to comply with aspects of the Code, in which case they are required to explain their non-compliance.

Oceanwood employs a European-focused event-driven investment strategy which involves, among others, investments in equities, including UK equities. The Code is therefore relevant to only certain aspects of Oceanwood's investment process. While Oceanwood generally supports the objectives that underlie the Code, Oceanwood has chosen not to commit to the Code. Oceanwood invests in a variety of asset classes and in a variety of jurisdictions and its approach in relation to the engagement with issuers and their management will vary on a case by case basis. Therefore, Oceanwood does not consider it appropriate to commit to any particular voluntary code of practice relating to any individual jurisdiction or asset class.

No consideration of sustainability adverse impacts

Oceanwood Capital Management LLP does not currently consider the principal adverse impacts of investment decisions on sustainability factors in accordance with Article 4 of the SFDR, as the detailed rules and guidance regarding such disclosure have not been finalised.

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Information on this Site

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Performance data quoted represents past performance and does not indicate future results. Future returns are not guaranteed and a loss of principal may occur. Investment in unregulated funds carries the risk of potential total loss of capital.

All performance figures contained on this website are estimated and based on preliminary unaudited financial information.

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Data Protection

Oceanwood collects certain personal information about you such as your name, address, telephone number, email address details and other information when it is voluntarily submitted to Oceanwood on this site, including in connection with its customer registration procedures. Oceanwood uses this information to ensure compliance with its obligations under the regulatory requirements and for its own internal purposes.

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