Equities

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 Partners. Prior to that, he was a Portfolio Manager at UBS O’Connor for three years, launching the O’Connor Sustainability Long Short Equity Fund in 2012. Arnaud’s investment experience also includes running a European/US market neutral book at Brevan Howard Asset Management and nine years at JPMorgan as a top ranked Equity Research Analyst. In 2007, whilst at JPMorgan he founded and headed the Environmental, Social and Governance research team. Arnaud started his career as a Corporate Finance Associate at Societe Generale Asia Ltd after graduating with a Master’s Degree in Management, specialising in Finance, from the Ecole Superieure de Commerce de Paris.

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 -5.03% 12.09.2019
Total Assets (all classes) in mn CHF 89.70 31.08.2019
Assets (share class) in mn CHF 2.87 31.08.2019
NAV (CHF) 9.01 12.09.2019
Highest - Last 12 months 10.21 21.09.2018
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

Prices over selected period

Last CHF 9.01 12.09.2019
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 - 12.09.2019) ¹

Fund
Total Return -9.89%
Annualized Return -9.61%
Annualized Volatility -
Sharpe Ratio -
Downside Deviation 8.48%
Positive Months 30.77%
Maximum Drawdown -15.57%
Risk-Free Rate -0.83% Target Rate -0.83%
¹ Calculations based on monthly time series

BREAKDOWNS

MONTHLY GROSS PERFORMANCE CONTRIBUTION (%)

Long
0.03%
Short
-0.16%
Others
0.23%
Total Gross
0.11%

PORTFOLIO EXPOSURE (in % NAV)

LMV
103.41%
SMV
-100.35%
NMV
3.06%
NMV Beta-adj
22.36%
GMV
203.76%

EXPOSURE BY STRATEGY (in % GMV)

Consumer discretionary
27.43%
Consumer staples
12.67%
Materials
50.68%
Medtech
9.22%

EXPOSURE BY REGION (in % GMV)

Europe
86.59%
North-America
13.41%
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

LEGAL/TAX INFORMATION

IMPORTANT INFORMATION - FOR AUTHORIZED USE ONLY

All documents on Lombard Odier Group mutual funds are distributed for information purposes only and do not constitute either a recommendation or a solicitation to subscribe to shares/units of the funds mentioned. The prospectus of the funds, the simplified prospectuses, the Articles of incorporation, as well as the latest annual and semi-annual reports may be obtained free of charge upon request to the Swiss local representative: Lombard Odier Asset Management (Switzerland) SA, 6 av. des Morgines, 1213 Petit-Lancy and are available on the website funds.lombardodier.com. Please read these documents before investing and take note of the risk factors. Note: No guarantee can be provided that the funds presented will attain their objectives. The value of an investment may decline as well as increase. All persons interested in investing in one of the funds presented are recommended to seek advice from independent legal and tax advisors in order to ascertain whether the investment is appropriate to their own objectives.

The TER indicated in this document is calculated on the basis of the fees directly charged to the fund. Investors are advised to consult the latest annual or semi-annual fund report for further information (in particular in relation to the performance fee and synthetic TER).