This European equity long-short strategy is managed by Malte Heininger, who was part of a team of four that joined Carmignac in January 2014 from SAC Capital Advisors to manage this fund. Malte took over the management of the fund in March 2016 after the previous portfolio manager left the firm. The strategy that relies on fundamental stock picking and a high velocity of idea generation with valuations and a ‘margin of safety’ key factors the portfolio manager is looking for when selecting positions. Since taking over the fund in March 2016, performance has been strong.
A concentrated, long-biased, benchmark agnostic emerging markets equity long short strategy, run by Chief Investment Officer Ed Butchart and Co-PM CJ Morrell. Fundamental stock analysis underpins a clearly defined investment process, with macro analysis used to identify potential tailwinds and risks. The UCITS fund has made an excellent start to life with AUM growing to almost $70m since launch in April, while performance has been strong.
A systematic multi asset fund with a global macro orientated strategy seeking to generate uncorrelated returns to the broader capital market indices. The fund combines a strategic long exposure to equities, bonds and commodities with a systematic tactical strategy, which allocates long or short based on various model signals. Since inception in 2015, the fund has generated annualised returns of 8.1% with a volatility of 4.6%, in line with its return target. The fund is manged by the Global Asset Allocation team based in Atlanta and is headed by CIO, Scott E. Wolle. The team manages $23.9 billion across multiple asset allocation strategies.
Before founding Atreaus, Todd Edgar was the Global Head of Macro Proprietary Trading at Barclays Capital having previously been the Global Head of Commodities and FX Proprietary trading at JP Morgan. The fund employs a discretionary global macro trading strategy focussed primarily in liquid commodities and FX markets. The capital is split between three distinct trading books managed across different time-frames, short, medium, and long, with the bulk of the risk (50%) in medium term strategies. Since launching in 2005 the offshore Atreaus Master Fund LP has delivered annualised returns of just over 2% with a volatility of 7%.
Carmignac Portfolio Euro-Patrimoine
KLS Sloane Robinson Emerging Markets
Invesco Macro Allocation Strategy
Tages Atreaus Macro UCITS
AH UCITS Index
|AH Global Index||-0.12||0.0||3.4||4.1||-0.6|
|AH Credit Index||-0.10||-0.1||1.5||2.1||2.6|
|AH Equity Long / Short Index||-0.09||0.1||6.4||7.2||-1.8|
|AH Event Driven Index||-0.74||0.4||1.0||1.7||-0.8|
|AH FX Index||-1.73||0.0||-4.0||-3.3||-0.3|
|AH Macro Index||-0.29||-0.1||2.0||3.1||0.0|
|AH Managed Futures Index||0.66||0.3||2.2||3.6||-1.3|
|AH Market Neutral Index||-0.23||-0.1||1.5||1.5||-3.6|
|AH Multi Asset Index||0.05||0.1||5.5||6.2||2.7|