Our monthly performance report highlights the ten best and worst performing funds in each strategy, both for the prior month and the year to date. Featured funds this month include:
For the full report, please download below:
We first reviewed the Insurance Linked Securities (ILS) universe in 2013, and since then the space has grown materially, growing into a significant investable asset class. One of the most popular methods for accessing the space has been UCITS catastrophe bond funds which invest in underlying securitised cat bonds. To track the performance of the space, we have created a UCITS Cat Bond composite index constructed from 6 of the larger funds in this space. Given a number of high profile natural disasters in 2017, this note re-examines the asset class, with a particular focus on the UCITS catastrophe bond universe.
A concentrated, benchmark agnostic emerging markets equity long short strategy (long biased), run by Chief Investment Officer Ed Butchart and Co-PM CJ Morrell. Fundamental stock analysis underpins a clearly defined investment process, with macro analysis used to identify potential tailwinds and risks. The strategy is typically managed with a net market exposure of between 60% and 100%, however due to the quality bias of the long book as well as the use of FX overlays, index shorts and single name shorts, the fund has proven its ability to protect capital in difficult environments for emerging market equities.
A fundamentally driven, equity long short strategy focussed on the technology sector. The strategy combines top down identification of evolving themes with bottom up stock selection, with the aim of identifying the long term winners and losers created by the highly disruptive nature of the sector. The strategy has been run in offshore format since 2010 and delivered material absolute returns for investors, annualising at almost 14% (net of fees). The strategy is a welcome addition to the UCITS universe which is very underpopulated with sector specialist long short strategies, and we expect the fund to see good traction with investors.
Monthly Fund Performance Report - February 2018
Catastrophe Bond Update
KLS Sloane Robinson Emerging Markets
Schroder GAIA Contour Tech Equity
AH UCITS Index
|AH Global Index||-1.33||-0.1||0.1||2.7||3.6|
|AH Credit Index||-0.25||-0.3||0.3||1.1||1.5|
|AH Equity Long / Short Index||-0.94||0.2||0.8||6.2||6.9|
|AH Event Driven Index||-0.01||-0.6||0.3||1.1||1.5|
|AH FX Index||-0.39||0.1||-0.4||-2.9||-3.8|
|AH Macro Index||-0.81||-0.4||0.5||2.3||1.7|
|AH Managed Futures Index||-6.22||-0.2||-1.6||-0.2||2.6|
|AH Market Neutral Index||-0.85||0.4||-0.2||0.4||1.4|
|AH Multi Asset Index||-2.10||-0.3||-1.1||2.8||6.2|