LFIS Vision UCITS – Quant Global Allocation

LFIS Capital is a quantitative asset manager headquartered in Paris with approximately $10bn of AUM across a team of 48 people. The Perspective Strategy has been run at LFIS since 2013 but more recently launched in UCITS format. To achieve the investment objective (Class IS EUR) of cash +4% over a c. 5 year horizon, the PMs Edouard Laurent-Bellue and Achille Moutard implement a diversified investment approach, incorporating a broad range of investment strategies, seeking to capture diversified and regular returns. The portfolio contains a mix of risk-on and diversifying strategies whilst trading predominately European equity and debt markets, though since June 2021 has broadened its remit to include more global markets. Risk-on strategies include derivative-based index equity strategies that can generate PnL through downside puts sales and earning premiums, allowing the fund to benefit from non-declining or moderately rising equity markets. The funds credit positions aim to capture remuneration for credit risk through exposure to the credit risk of corporate entities mainly based in OECD countries. The risk-on investment strategies are expected to be the main contributor of risk and return for the fund, contributing c. 70-100%. Returns are supplemented by the diversifying investment strategy bucket which includes a number of strategies such as; positions intended to be quasi-cash equivalent, long duration positions on major developed markets, and overwriting equity positions through the sale of short-term calls linked to underlying equity holdings.