Investment Objective
The Trium Avala Dynamic Equity Fund is a low beta Equity Long/Short UCITS Fund. It has a target annualised volatility of 6-8% and aims to deliver a 9-11% annualised return with a low correlation to equities.
Latest Meeting Note
Meeting 05 Jun 2023
The Trium Avala Dynamic Equity fund follows a consistent, repeatable and scalable systematic process utilising fundamental data, focussing on large and mid-cap European equities, with some US exposure. Avala's investment process is const... Read more
The Trium Avala Dynamic Equity fund follows a consistent, repeatable and scalable systematic process utilising fundamental data, focussing on large and mid-cap European equities, with some US exposure. Avala's investment process is constructed around two main components: the market neutral core and the variable bias. The market-neutral core relies on a style arbitrage process which dynamically allocates to over 40 proprietary stock-selection sub-models. These models draw from historical and forward-looking information about equity markets, including company health, profitability and atypical price behaviour. They are grouped into nine categories, including value, growth, quality, size, momentum, expectations, beta arbitrage, statistical arbitrage and information advantage. Variable bias, on the other hand, is a dynamic strategy that varies the net beta exposure of the long book relative to the short book in response to prevailing market conditions, constrained within a targeted beta range from -10% to +30%. Both components use a proprietary dynamic optimisation process, relying on long-term and short-term returns, to balance exposure aiming for optimal risk-adjusted returns.
Performance
JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 1.0 | 0.8 | 1.0 | 0.6 | 0.9 | 0.8 | 0.5 | 0.6 | 0.3 | 1.0 | 0.2 | 0.4 | 0.3 | |
2022 | 0.8 | 0.2 | 0.7 | 0.4 | 0.9 | 0.5 | 0.8 | 0.0 | 0.9 | 0.8 | 0.9 | 0.3 | 0.6 |