Ilex Capital
When Ilex was established in mid-2023, RIT was among the early-external investors in this new, anticipated fund launch.
Ilex, based in London, has a global equity market neutral strategy with a European bias, adopting a multi-portfolio manager approach. It employs a highly process-oriented, holistic, fundamental research approach to isolate differentiated drivers of a company’s stock price.
- Pillar
- Uncorrelated strategies
- Theme
- Equity market neutral
- Status
- Current investment
- Geography
- Europe, Global
- Invested date
- July 2023
Building on the core competence of the day one team, Ilex Capital now consists of five sector specialist teams across consumer, industrials, healthcare, financials and technology, media and telecommunications (TMT). Ilex has achieved strong contributions in 2025 from consumer discretionary and consumer staples. This has been supported by gains in other areas such as financials, TMT and industrials.
Ilex’s risk model has allowed the team to navigate challenging markets within its tightly controlled risk framework.