fund details.

LO Funds

TerreNeuve, Syst. NAV Hdg, (CHF) N A

HIGHLIGHTS

  • LO Funds – TerreNeuve is a fundamental, market neutral, global equity long/short strategy with a sustainability focus that launched in September 2018.The Fund operates with an absolute return approach that aims to deliver uncorrelated, high single digit net returns p.a. with a relatively low volatility target. The strategy will be run with the same established and consistent investment strategy implemented by the Portfolio Manager over the past nine years. The Portfolio Manager is supported by two Senior Analysts, one of which he has worked with for ten years and the other has over twenty years of investment experience.
  • The investment team employ a sector specialist approach, focusing on Consumer Staples, Consumer Discretionary, Materials and Medtech. The team carry out deep, fundamental, bottom up analysis which looks at gauging all significant long-term drivers of company valuation, including less tangible environmental, social and/or governance factors. The team has also developed a proprietary sustainability rating system which forms an integral part of idea generation/investment process. In covering their sectors for decades the team have developed a strong network, with company management interaction a key element of the their decision making process.

MANAGERS

Manager Profiles

Arnaud Langlois London 1798 Platform (Portfolio Manager)

Arnaud Langlois is the Portfolio Manager for the TerreNeuve Strategies. Arnaud joined LOIM in February 2018. He previously spent almost four years as a Portfolio Manager and Partner at Millenium Capital  Read more

Cyrus-Mael Azarmgin London 1798 Alternatives
Andrew Gowen London 1798 Alternatives

GENERAL INFORMATION

Overview

Asset Class Equities
Category Global
Share Class reference currency CHF Hedged
Dividend Policy Accumulated

Latest Data

Performance YTD -3.61% 16.10.2019
Total Assets (all classes) in mn CHF 91.36 30.09.2019
Assets (share class) in mn CHF 1.16 30.09.2019
NAV (CHF) 9.15 16.10.2019
Highest - Last 12 months 10.15 17.10.2018
Lowest - Last 12 months 8.44 20.08.2019
Number of positions - -
TER 1.85% 31.03.2019

Cumulative Performance

 
Past performance is not a guide to future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units, performance is presented net of fees. The NAV of fund units and official prices of benchmarks are used for performance comparison purposes. Source of the figures: Lombard Odier.

PRICES

Period
(Earliest Date: 04.09.2018)
(Latest date: 16.10.2019)

Prices over selected period

Last CHF 9.15 16.10.2019
First CHF 10.00 04.09.2018
Highest CHF 10.21 21.09.2018
Lowest CHF 8.44 20.08.2019

PERFORMANCE & STATISTICS

Statistics (04.09.2018 - 16.10.2019) ¹

( Earliest Date : 04.09.2018)
Go
( Latest date : 16.10.2019)
Fund
Total Return -8.54%
Annualized Return -7.65%
Annualized Volatility -
Sharpe Ratio -
Downside Deviation 8.17%
Positive Months 35.71%
Maximum Drawdown -15.57%
Risk-Free Rate -0.84% Target Rate -0.84%
¹ Calculations based on monthly time series

Cumulative Performance

 
Past performance is not a guide to future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units, performance is presented net of fees. The NAV of fund units and official prices of benchmarks are used for performance comparison purposes. Source of the figures: Lombard Odier.

BREAKDOWNS

Period

MONTHLY GROSS PERFORMANCE CONTRIBUTION (%)

Long
-2.32%
Short
2.07%
Others
0.18%
Total Gross
-0.08%

PORTFOLIO EXPOSURE (in % NAV)

LMV
107.24%
SMV
-106.41%
NMV
0.83%
NMV Beta-adj
13.94%
GMV
213.65%

EXPOSURE BY STRATEGY (in % GMV)

Consumer discretionary
26.50%
Consumer staples
13.92%
Materials
52.28%
Medtech
7.30%

EXPOSURE BY REGION (in % GMV)

Europe
82.45%
North-America
17.55%
Asia
0.00%
Latam/Africa/ME
0.00%
Multi-Region
0.00%

SECURITY NUMBERS

Dealing

Subscriptions and redemptions frequency Weekly (Wednesday)
Subscriptions and redemptions cut-off day T-3
Subscriptions and redemptions cut-off time 15:00 CET
Subscriptions and redemptions settlement date T+2
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment CHF 1 million
Management Fee 1.50%
Distribution Fee 0.00%
Performance Fee 20% of the outperformance / High watermark

Security Numbers

BLOOMBERG LTSHCNA LX
ISIN LU1858043562
SEDOL GBBFFYFK6
TELEKURS 42786506

Share Quotation

Electronic Media

DOCUMENTATION

Reporting Date DE EN FR IT
Fact Sheet 30.09.2019
Performance Review 31.08.2019
Legal Documents Date DE EN FR IT
Articles of incorporation 21.03.2019    
Notice to Shareholders 17.04.2018    
Notice to Shareholders 28.08.2018      
Notice to Shareholders 05.02.2019    
Notice to Shareholders 21.02.2019    
Notice to Shareholders 12.03.2019    
Notice to Shareholders 10.12.2018    
Notice to Shareholders 17.09.2019      
Notice to Shareholders 30.01.2018    
Key Investor Information Document 17.06.2019
Prospectus 25.09.2019  
Annual Report 30.09.2018  
Semi-Annual Report 31.03.2019  
Sicav article of incorporation 21.03.2019  
Retail investors Date DE EN FR IT
Reasons to invest (Retail) 15.10.2019