Investment Objective
The investment team’s objective is to achieve absolute returns by investing in a diversified portfolio of long and short European corporate credits hedged with single names and index shorts to create a low net exposure credit fund. The fund targets low volatility across market cycles and is designed to be part of a core fixed income allocation. The investment process involves a dynamic allocation between 3 areas of return generation: capital appreciation, carry, and special situations.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.8 | 0.9 | 0.6 | 0.1 | 0.6 | 0.9 | 0.1 | 0.2 | 0.1 | 0.7 | 0.2 | 0.1 | 0.4 | |
| 2023 | 0.7 | 0.8 | 0.7 | 0.9 | 0.8 | 1.0 | 0.1 | 0.3 | 0.6 | 0.9 | 0.8 | 0.0 | 0.7 |
