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LM MC Euro Abs Alpha M (PF) EUR Dis (A)

Ranked 36 out of 169 in - Long/Short Equity over 12 months
All calculations are in EUR unless stated

Managed by

Michael Browne

Michael Browne joined Martin Currie in 2010 and, with Steve Frost, co-manages Martin Currie’s European equity long/short strategy. He joined the company from Sofaer Capital, where he and Steve had managed the European Hedge Fund since 2001. Before joining Sofaer, Michael was head of international equities at Chase Asset Management, where he had overall responsibility for all non-US equity portfolios. He began his career in 1986 at BZW Investment Management, where he was responsible for a variety of European unit trusts and segregated funds.

Steve Frost

Steve Frost joined Martin Currie in 2010 and co-manages Martin Currie's European equity long/short strategy. He joined Martin Currie from Sofaer Capital, where he had managed the European Hedge Fund with Michael Browne since 2001. Before joining Sofaer, Steve was the lead manager of Chase Asset Management’s European Equity Hedge Fund. At Chase, he also managed European portfolios for a number of long-only funds. Steve began his career in BZW Investment Management’s European equity team, where he managed a variety of mutual and pension funds.

Objective

The fund seeks to achieve absolute returns over the long term through exposure to the shares of companies operating within or servicing the European market. The fund uses a long/short strategy which helps investors to benefit from both upwards and downwards movement in share prices.

Showing fund performance in Guernsey View performance globally

Performance

Long/Short Equity over : 31/08/2017 - 31/08/2018
  • Rank 36/169 Total Return
  • Rank 95/169 Standard Deviation
  • Rank 64/169 Max Drawdown
Fund Name Currency Return
34 Ennismore European Smaller Companies EUR EUR

5.9%

35 LM MC Japan Abs Alpha M (PF) EUR Dis (A) (H)

Currency exposure is hedged

Currency exposure is hedged

EUR

5.8%

36 LM MC Euro Abs Alpha M (PF) EUR Dis (A) EUR

5.6%

36 Threadneedle (Lux)-Pan European Absolute Alpha AE EUR

5.6%

38 Catella Nordic Long/Short Equity RC H-EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

5.5%

Fund Name Currency Loss
62 Threadneedle UK Absolute Alpha Ret Net Acc EUR EUR

-3.1%

63 Schroder European Equity Abs Return P1 EUR EUR

-3.1%

64 LM MC Euro Abs Alpha M (PF) EUR Dis (A) EUR

-3.2%

65 Sycomore L/S Opportunities A EUR

-3.2%

65 GAM Star (Lux) Financials Alpha C EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.2%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -0.2% 2.8%
2017 9.4% 0.6% 3.3% 4.1% 1.1%
2016 -4.1% -4.4% -1.5% -0.4% 2.3%
2015 6.0% 4.6% -1.7% 3.1% 0.1%
2014 1.4% 1.6% -2.8% -0.8% 3.4%
2013 20.2% 6.7% 3.9% 1.3% 7.1%
2012 13.9% 6.5% -0.3% 4.8% 2.3%
2011 -9.2% -2.4% -2.1% -5.3% 0.3%
2010 3.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2018

Top 10 Holdings

Stock Size
Other Assets 34.42%
Martin currie FRN 16.78%
EUR Cash 15.20%
Sumitomo Mitsui Banking Corp FRN 0.000% 31-Dec-2049 15.15%
UBS Group AG FRN 8.71%
Sika AG ORD 3.97%
Wizz Air Holdings PLC ORD 3.29%
Vonovia SE ORD 3.13%
OTP Bank Nyrt ORD 3.02%
Straumann Holding AG ORD 2.78%
31/07/2018

Registered For Sale In

  1. Austria
  2. France
  3. Germany
  4. Ireland
  5. Luxembourg
  6. Netherlands
  7. Spain
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date11/03/2016
  • Share Class size122Mn
  • Base currencyEUR
  • ISIN IE00BYWVKX11

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment0

Charges

  • Initial investment0.00%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).