Quarterly update
Watch the investment team recap this quarter.
(Note: Filmed in October 2024).
INVESTMENT OBJECTIVE
The Fund aims to provide a positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period and, particularly over the shorter term, the Fund may experience periods of negative returns. Consequently, your capital is at risk.
Performance target: To outperform the Euro Main Refinancing Rate by 7% per annum, before the deduction of charges, over any 3 year period.
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The Fund invests in a global portfolio of assets including shares of companies, investment grade and non-investment grade bonds issued by governments and companies (including convertible bonds, contingent convertible bonds and distressed securities), and makes extensive use of derivatives (complex financial instruments), including total return swaps, to take both ‘long’ and ‘short’ positions in companies and bonds that the Investment Manager believes will either rise in value (long positions) or fall in value (short positions) meaning that the Fund may benefit from either scenario. The Fund may invest up to 10% of its net assets in special purpose acquisition companies.
The Fund will hold a significant proportion of its assets in cash and money market instruments as a result of holding derivatives or for asset allocation purposes. The Fund may also take long or short exposures to other asset classes such as commodities and may hold other funds (such as collective investment schemes and exchange traded funds).
The Investment Manager may also use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed and makes reference to the Euro Main Refinancing Rate, as this forms the basis of the Fund's performance target and the level above which performance fees may be charged (if applicable). For currency hedged share classes, the rate that corresponds with the relevant share class currency is used as the basis of the performance comparison and for calculating performance fees. The Investment Manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.
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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.
ABOUT THIS FUND
- Low expected correlation to traditional and alternative assets: The fund’s market neutral nature and low expected correlations between the underlying strategies seek to enhance overall risk-adjusted returns
- Top-down and bottom-up: A separate top-down "protection" strategy aims to mitigate the tail risk associated with the bottom-up strategy set
- Stable and experienced investment team: Diversified skill sets and incentivised by total fund return
Please be aware that while the Protection strategy aims to reduce downside risk, it does not commit to provide capital protection over any time period, and particularly over the shorter term the strategy may demonstrate periods of negative returns. Consequently capital is at risk.
