Investment Objective
This fund aims to achieve long-term growth by investing in a portfolio of UK and international assets. The fund will take a broadly multi-asset approach, with the aim to perform well when markets are favourable, and preserve capital when markets are poor.This fund aims to provide longer-term positive returns under most market conditions, outperforming both cash and equities over three-year periods. The manager will not be restricted in choice of investments, either by the size of the company, the industry it trades in, or the geographical spread of the portfolio. They may also invest in overseas assets, including currencies.
Latest Meeting Note
Meeting Note 06 Nov 2013
The overarching aim of the fund is to capture market upside while avoiding market drawdown’s through a diversified portfolio of equities, bonds, commodities, cash and currencies. Given William’s background as an equity income fund manage...
The overarching aim of the fund is to capture market upside while avoiding market drawdown’s through a diversified portfolio of equities, bonds, commodities, cash and currencies. Given William’s background as an equity income fund manager it should come as no surprise that there is a core equity allocation at the heart of the fund, with the fund never going net short of equities despite having the flexibility to run 30% short equity positions. Even during his long only days Littlewood’s investment process was heavily influenced by macro factors, and having met him recently we were impressed by his macro approach to his current portfolio which has a focus on ‘big picture’ changes and thematic opportunities. Although his views have not yet been fully rewarded by the market we believe that the current/future positioning should generate increasingly idiosyncratic returns. Based upon this track record we
award the fund four stars.
Performance
JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 0.1 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.5 | 0.5 | 1.0 | 0.9 | 0.2 | 0.1 | 1.0 | |
2022 | 0.3 | 0.8 | 0.8 | 0.9 | 0.2 | 0.8 | 0.6 | 0.2 | 0.5 | 0.0 | 0.1 | 0.3 | 0.6 |