Net annual return of Eonia +7% over a 5 year period
The fund's strategy for achieving this objective is to take advantage of our credit expertise to invest in discounted (essentially corporate) bonds and offer substantial medium-term capital gains prospects by applying 'value' management methodology to credit.
Special situations, events, corporate or external publications, specific clauses, market stress, sectoral tensions, country tensions, issuer specificity, regulatory evolution...
Very strong corporate dominance
No macroeconomic bets
All issuers and credit profiles
Ability to invest in foreign currency, mainly to benefit from market distorions