MoneyAM Fund Centre

Quick Stats

Fund Objective

The investment objective of the Fund is to seek to outperform 1-month GBP LIBOR rate by 4% p.a. over a recommended investment horizon of 3 years, less the ongoing charges ratio.The Fund seeks diversification of its assets among global fixed income securities, money market instruments, equity securities and currency markets. The Fund is actively managed and may use derivatives to gain exposure to the permitted assets.The Fund may invest up to 100% of its assets in fixed income securities and money market instruments which may be issued or guaranteed by governments and companies and which may be below investment grade (i.e. BBB- (S&P’s) or equivalent rating or if unrated, determined by the Investment Manager to be of equivalent quality). The Funds investment in fixed income securities may include zero coupons bonds, certificates of deposit and commercial paper.The Fund may invest no more than 20% of its assets in investment grade collateralized bonds including asset-backed securities and mortgage backed securities. The Investment Manager may use derivatives to hedge the credit risk arising from the Fund’s investments and to adjust the interest rate sensitivity (i.e. the extent to which a fixed income security will fluctuate in price as a result of changes in interest rates) of the Fund’s portfolio.The Fund may invest up to 30% of its assets in global equity securities. The Investment Manager may take short equity positions through the use of derivatives. The Fund may invest up to 30% of its assets in taking short equity positions.The Fund may invest up to 10% of its net assets in other funds. The Fund may invest in issuers from any country and may be exposed to any currency. Under normal market conditions, it is expected that the actual annualised volatility of the Fund will typically be between 5-10% over a three year investment horizon.However, the Fund’s actual annualised volatility may be outside of this expected range over rolling investment horizons as a consequence of volatile market conditions or due to inherent volatility of certain investments held by the Fund.

Fund Managers

Vincent Chailley

Vincent Chailley CIO and Founding Partner: Starting his career in 1995. Vincent Chailley is a member of the French Actuaries Institute and holds a postgraduate degree in Economics and Mathematical modeling from ENSAE. He also holds a Master of Science in Applied Mathematics from the University of Paris Dauphine.

Philippine Watteaux

Philippine Watteaux joined H2O AM in 2011 as an intern under the supervision of Jean-Noel Alba. After graduating in 2012, Philippine joined H2O AM on a full time basis as a risk analyst. She was part of the risk management team, where she specialised in global fixed income and global macro portfolio risk control, and risk control tools development. In September 2014 Philippine became a portfolio manager specialising in market volatility and in the corresponding options strategies. Philippine holds a Bsc in Mathematics from Imperial College.