Plenisfer Destination Value Total Return

Plenisfer Investments is a boutique investment manager established in 2019 by four founding partners (Giordano Lombardo, Mauro Ratto, Diego Franzin and Robert Richardson; ex Amundi, Pioneer) in partnership with Generali Investments. The team is headquartered in Milan with offices in London and Dublin, and employ an unconstrained, goal-oriented, global multi-strategy approach focused on investing by strategies/outcomes rather than by asset classes. At any time, the portfolio is invested across 5 proprietary investment strategies (Income, Compounders, Macro, Special Situations and Alternative Assets) with the relative weighting between them determined by risk-reward, bottom-up considerations. The Income sleeve is designed to build a stable source of carry for the portfolio, through investment in cash flow generating assets (equities, credit, real estate). The Compounders bucket comprises high quality companies that can grow and compound earnings over several years. Macro aims to exploit opportunities across equity markets, rates, currencies, countries and sectors that may arise through economic cycles. Within Special Situations, the team focuses on company specific opportunities (M&A, distressed assets, etc.) with the aim to provide uncorrelated returns to the portfolio. The Alternative assets sleeve typically invest across gold, real assets, volatility and commodities and is expected to do well during periods of market disruption. The final portfolio is complemented by a hedging overlay (convexity optimization). The fund target 8% annualised returns (gross) with less than 75% of equity volatility across a full market cycle.