Investment Objective
The Fund runs a long/short European focused corporate credit strategy. The Fund's objective is to generate attractive liquidity-adjusted absolute returns with an emphasis on risk management and capital preservation. The Fund invests across the ratings spectrum predominantly in the European high yield credit market. The Fund uses extensive bottom-up fundamental analysis to identify investment opportunities with an attractive risk-return profile. Returns stem mostly from capital appreciation and, to a lesser degree, income. Capital is allocated to high conviction investments trough the long, short, relative value and trading investment sub-strategies. Market and tail risks are managed using trading and macro strategies.
Performance
JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 0.8 | 0.1 | 1.0 | 0.1 | 0.9 | 0.7 | 0.0 | 0.8 | 0.3 | 0.8 | 0.2 | 0.7 | 0.7 | |
2022 | 0.6 | 0.6 | 0.3 | 0.8 | 0.9 | 0.9 | 0.1 | 0.3 | 0.2 | 0.4 | 0.9 | 0.7 | 0.1 |