STRATEGIES & FUNDS
We leverage our fixed income expertise to seek to create value in any given market condition.
RELATIVE VALUE - LONG/SHORT
Relative value is our speciality. Its strategic employment is how we look to achieve steady returns, with low volatility, that are uncorrelated to wider market movements. Deploying a long/short approach, we aim to capture the differential between bond spreads (within the same bond curve or sector) generated by temporary imbalances and then crystallise profit once the factors that have cause these imbalances, and mispricings, dissipate.
There are three essential stages in the way that we implement relative value investing:
Our proprietary quantitative model identifies perceived dislocations and provides our portfolio managers with trading signals; including market supply and demand, bond technicals, credit fundamentals and macro-themes, to facilitate credit selection.
Our sector specialists analyse the reasons for price misalignments and highlight opportunities that are likely to correct in the short to medium term.
We buy bonds identified via our selection process and hedge by shorting another bond. Short positions are selected to efficiently minimise credit risk and portfolio volatility (and so are not for speculative trading purposes).
FUND STRUCTURES AND SUB-FUNDS
LAUNCH DATE: 29/09/2016
MANAGER: Redhedge Asset Management LLP
BASE CURRENCY: EUR
NAV FREQUENCY: Weekly
FUND MANAGER: Andrea Seminara
FUND STRUCTURE: Irish ICAV
MANAGEMENT FEE: 1%
PERFORMANCE FEE: 25%
MINIMUM INVESTMENT: EUR 100k