IPM Systematic Macro UCITS Fund

IPM Systematic Macro Fund Strategy Overview

The IPM Systematic Macro UCITS Fund (the “Fund”) offers access to IPM’s Systematic Macro Strategy (which objective is to generate consistent positive returns) in a UCITS-compliant format with daily liquidity. The strategy is based on IPM’s proprietary investment models that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns.

Informed Portfolio Management AB (“IPM” which manages approximatively $9bn of assets as of 31 December 2018) is based in Sweden, and was founded in 1998 with the purpose of assisting institutional investors improve their overall returns derived from a traditional 60% Bond / 40% Equity portfolio. IPM currently employs 60 employees of which 27 are involved in research and investments.

  • Systematic global macro implemented through 5 different portfolios (grouped in 4 relative value portfolios and 1 directional)
  • Non market price dependent strategy using predominantly fundamental information
  • Highly diversified investment universe of 40+ single instruments spaning across currencies (developed and emerging), government bonds and equity markets
  • Expected return of each instrument traded is evaluated across four investment dimensions and their underlying specific investment ideas (circa 50), each being evaluated independently

Performance as of 17/04/2019

NAVMTDYTDLTD
1,101.53€4.22%2.44%10.15%
Loading

Past performance is not an indicator of future performance.

Details

Strategy
  • Systematic global macro (non-market price dependent) using predominantly fundamental information
General Fund Guidelines
  • Based on a forward-looking investment approach based solely on fundamental input that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns
Instruments & Geography
  • Highly diversified investment universe of 40+ single instruments
    • Currencies (developped and emerging markets)
    • Government bonds
    • Equity markets
Portfolio Construction
  • Relative Value (Currencies, Relative Bonds and Relative Equities portfolios for 85% of the strategic risk): Each instrument is evaluated relative to a composite of the portfolio constituents rather than in absolute terms
  • Directional (Asset Class portfolio for 15% of the strategic risk): Each instrucment is evaluated on an absolute basis with the objective of capturing the overall direction of equity and bond markets
  • Risk allocation of the 5 portfolios is fixed strategically, but the allocation over time is proportional to perceived opportunities

Fund Facts

Legal Structure:UCITS Irish OEIC
Umbrella Fund:IPM UCITS Umbrella ICAV
Fund Manager:IPM
Passporting:Approved in Germany, Italy, Spain, Sweden, U.K., France, Austria, Sweden, Belgium, Singapore, Swizterland, FInland and Luxembourg
Base Currency:USD
Other Currency Share Classes:EUR, GBP, CHF, SEK
Liquidity:Daily
Dealing Deadline (Subscription):12 midday Irish time 2 Business Days prior to the relevant Dealing Day
Dealing Deadline (Redemption):12 midday Irish time 2 Business Days prior to the relevant Dealing Day
Settlement Date (Subscription):5:00 p.m. Irish time 2 Business Days after the relevant Dealing Day
Settlement Date (Redemption):5 Business Days after the relevant Dealing Day

Key Professionals

Anders Lindell
Chairman of the Board & Founding Partner

Anders Lindell bears the overall responsibility for the strategic direction of the firm, chairs the Investment Management and Risk Management Committees. Since co-founding IPM in 1998 he has held several senior positions at the firm, most recently CEO. Prior to establishing IPM, Anders worked at the Fixed Income Trading division at JP Bank, a then leading Swedish Fixed Income trading house. Anders holds a M.Sc. in Industrial Engineering and Management from the Institute of Technology at Linköping University and a M.Sc. in Management from MIT Sloan School of Management.

Björn Österberg
Managing Director, Chief Investment Officer & Head of Research

Björn Österberg is responsible for the management and development of IPM’s investment activities. He is a member of the Investment and Risk Management committees. Björn joined IPM in 2008, with extensive experience in managing quantitative research teams as well as in proprietary trading in a range of asset classes. Prior to IPM he was Head of Quantitative Research and a member of the proprietary trading team at JP Bank, Head of Quantitative Research at Unibank/Nordea, and a Senior Equity Portfolio Manager at AP4. Björn holds an M.Sc. in Engineering Physics from the Royal Institute of Technology in Stockholm, and has several years of additional studies in both Financial Economics and Macro Economics from Stockholm University.

Fund Share Class Details

* Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances.

Overview

IPM Systematic Macro Fund Strategy Overview

The IPM Systematic Macro UCITS Fund (the “Fund”) offers access to IPM’s Systematic Macro Strategy (which objective is to generate consistent positive returns) in a UCITS-compliant format with daily liquidity. The strategy is based on IPM’s proprietary investment models that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns.

Informed Portfolio Management AB (“IPM” which manages approximatively $9bn of assets as of 31 December 2018) is based in Sweden, and was founded in 1998 with the purpose of assisting institutional investors improve their overall returns derived from a traditional 60% Bond / 40% Equity portfolio. IPM currently employs 60 employees of which 27 are involved in research and investments.

  • Systematic global macro implemented through 5 different portfolios (grouped in 4 relative value portfolios and 1 directional)
  • Non market price dependent strategy using predominantly fundamental information
  • Highly diversified investment universe of 40+ single instruments spaning across currencies (developed and emerging), government bonds and equity markets
  • Expected return of each instrument traded is evaluated across four investment dimensions and their underlying specific investment ideas (circa 50), each being evaluated independently
Performance

Performance as of 17/04/2019

NAVMTDYTDLTD
1,101.53€4.22%2.44%10.15%
Loading

Past performance is not an indicator of future performance.

Details

Details

Strategy
  • Systematic global macro (non-market price dependent) using predominantly fundamental information
General Fund Guidelines
  • Based on a forward-looking investment approach based solely on fundamental input that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns
Instruments & Geography
  • Highly diversified investment universe of 40+ single instruments
    • Currencies (developped and emerging markets)
    • Government bonds
    • Equity markets
Portfolio Construction
  • Relative Value (Currencies, Relative Bonds and Relative Equities portfolios for 85% of the strategic risk): Each instrument is evaluated relative to a composite of the portfolio constituents rather than in absolute terms
  • Directional (Asset Class portfolio for 15% of the strategic risk): Each instrucment is evaluated on an absolute basis with the objective of capturing the overall direction of equity and bond markets
  • Risk allocation of the 5 portfolios is fixed strategically, but the allocation over time is proportional to perceived opportunities
Fund Facts

Fund Facts

Legal Structure:UCITS Irish OEIC
Umbrella Fund:IPM UCITS Umbrella ICAV
Fund Manager:IPM
Passporting:Approved in Germany, Italy, Spain, Sweden, U.K., France, Austria, Sweden, Belgium, Singapore, Swizterland, FInland and Luxembourg
Base Currency:USD
Other Currency Share Classes:EUR, GBP, CHF, SEK
Liquidity:Daily
Dealing Deadline (Subscription):12 midday Irish time 2 Business Days prior to the relevant Dealing Day
Dealing Deadline (Redemption):12 midday Irish time 2 Business Days prior to the relevant Dealing Day
Settlement Date (Subscription):5:00 p.m. Irish time 2 Business Days after the relevant Dealing Day
Settlement Date (Redemption):5 Business Days after the relevant Dealing Day
Key Professionals

Key Professionals

Anders Lindell
Chairman of the Board & Founding Partner

Anders Lindell bears the overall responsibility for the strategic direction of the firm, chairs the Investment Management and Risk Management Committees. Since co-founding IPM in 1998 he has held several senior positions at the firm, most recently CEO. Prior to establishing IPM, Anders worked at the Fixed Income Trading division at JP Bank, a then leading Swedish Fixed Income trading house. Anders holds a M.Sc. in Industrial Engineering and Management from the Institute of Technology at Linköping University and a M.Sc. in Management from MIT Sloan School of Management.

Björn Österberg
Managing Director, Chief Investment Officer & Head of Research

Björn Österberg is responsible for the management and development of IPM’s investment activities. He is a member of the Investment and Risk Management committees. Björn joined IPM in 2008, with extensive experience in managing quantitative research teams as well as in proprietary trading in a range of asset classes. Prior to IPM he was Head of Quantitative Research and a member of the proprietary trading team at JP Bank, Head of Quantitative Research at Unibank/Nordea, and a Senior Equity Portfolio Manager at AP4. Björn holds an M.Sc. in Engineering Physics from the Royal Institute of Technology in Stockholm, and has several years of additional studies in both Financial Economics and Macro Economics from Stockholm University.

Shares

Fund Share Class Details

* Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances.

IPM UCITS Umbrella ICAV