Longchamp Galileo Equity Income
|Fund Strategy||Multi Strategy|
|Investment Advisor||Longchamp Asset Management|
|Portfolio Manager||Sébastien Cabrol, David Armstrong|
|Fund AUM (GBP)||£23m|
|Fund AUM as of||30 January 2018|
|Fund Inception||03 November 2016|
|Fund Indices||AH Multi Strategy UCITS Index|
The Fund objective is to deliver an annualized performance net of fees higher than that of EONIA capitalized +1% over the recommended investment period of 5 years minimum.
The strategy was designed to deliver a convex risk-return profile, combining an "income-like" feature (targeting 6-8% gross p.a. especially attractive in the current low yielding environment) with a "hedging" benefit.
The Fund's strategy exploits discrepancies between index volatilities and correlations during market downturns, taking long and short positions on the listed options market that often result in a contrarian positioning to deliver the twofold investment objective of carry and hedging.