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 which offer substantial medium-term capital gains potential, by applying 'value' management methodology to fixed income securities.
Special situations, events, corporate or external publications, specific clauses, market stress, sectoral tensions, country tensions, issuer specificity, regulatory evolution...
Dominated by corporates
No macroeconomic bets
All issuers and credit profiles
Ability to invest in foreign currency, mainly to benefit from market distortions
Past performance is not necessarily a guide to future performance.