Longchamp Galileo Multi Asset Premia Fund

Longchamp Galileo Multi Asset Premia Fund Strategy

The objective of the Longchamp Galileo Multi Asset Premia Fund (the “Fund”) is to generate a stable income through exposure to risk premia strategies. To achieve its objective, the Fund tends to invest substantially all its assets in short dated government bonds. Initially, the Fund will invest in Italian government bonds. The Fund will also gain exposure to risk premia strategies on various markets (the “Multi Asset Premia Strategy”) through the use of swaps with one or more bank counterparties. The Multi Asset Premia Strategy consist in systematic put writing strategies on various markets.

  • Targets a 5% to 7% net annualized return
  • Aims to generate stable income and capital preservation over the long term
  • Diversified exposure across markets and geographies
  • Long term portfolio construction based on fundamental performance drivers and on-going analysis of market configurations for tactical adjustments
  • Rigorous risk management to limit drawdown risks through tail hedge protection

Performance as of 11/09/2020

NAVMTDYTDLTD
1,051.57€-0.11%5.16%5.16%
Loading

Past performance is not an indicator of future performance. 

Details

Strategy
  • Premia
Investment Process
  • Systematic put writing
  • Put writing strategies offer a more defensive profile vs. investing directly in equity and fixed income markets
  • Put writing strategies are designed to:
    • Generate a stable income
    • Outperform their benchmarks in rangy and bearish markets
    • Limit draw downs in extreme bear markets …
  • … in exchange for giving up a portion of participation in strong markets
Philosophy
  • Core Portfolio: Systematic
  • Put Writing StrategiesSatellite Portfolio: Diversification Strategies
  • Cash and Government Bonds

Fund Facts

Legal StructureAIF (Fonds Professionnel Spécialisé)
Investment ManagerLongchamp Asset Management
DomicileFrance
Base CurrencyEUR
Net Asset Value FrequencyWeekly
Dealing Deadline (Subscription)3:00pm Paris time 2 Business Days prior to the relevant Dealing Day
Dealing Deadline (Redemption)     3:00pm Paris time 2 Business Days prior to the relevant Dealing Day
Settlement Date (Subscription)Within 2 Business Days after the relevant Dealing Day
Settlement Date (Redemption)Within 2 Business Days after the relevant Dealing Day

Key Professionals

David Armstrong
Chief Investment Officer 

David is Chief Investment Officer at Longchamp Asset Management. Previously, he was a Managing Director at Morgan Stanley & Co. International Plc, acting as global head of the investment bank’s Funds and Fund Linked business. In particular, he was in charge of the FundLogic Alternatives Plc (UCITS) Platform and served as President of the French asset management company, FundLogic SAS. Before joining Morgan Stanley, David worked at Société Générale Corporate & Investment Banking in the Equity Derivatives division in Paris before moving to Milan to take the responsibility for the Italian Capital Markets, and then joining Société Générale’s New York office to head the Structured Products division for the Americas. David holds a master’s degree in Business Administration from EDHEC, Lille, France.

Isabelle Mérou
Portfolio Manager

Isabelle is a Portfolio Manager at Longchamp Asset Management. She is in charge of Private Banking, Multi-management and fund structuring. Prior to joining Longchamp AM, Isabelle worked at Société Générale Bank & Trust (SGBT) at the dealing desk for OTC derivatives. Before SGBT, Isabelle was part of the structured products and FX derivatives sales team at Société Générale Corporate et Investment Banking (SGCIB). Isabelle holds an Engineer degree in financial engineering.

Lorenc Golemi
Head of Financial Engineering and Chief Risk Officer

Lorenc is the Chief Risk Officer at Longchamp AM. Before joining Longchamp AM, Lorenc worked in consultancy and advisory in investment banking and asset management. Previously he worked as Portfolio Manager, Risk Manager and Financial Engineer at UBS AM, CommerzBank and Dresdner Kleinwort Benson. He was in charge of systematic strategies and risk management of volatility and absolute return funds. Lorenc holds an Engineer degree in computer science and a master’s degree in applied mathematics.

Thomas Murgue
Portfolio Manager Assistant 

Thomas is Portfolio Manager Assistant at Longchamp Asset Management. Previously, he was in charge of multi-assets fund of funds management for French and Italian institutional clients at BNP Paribas Asset Management in the Multi-Asset Quantitative & Solutions team. Before joining, BNPP AM, Thomas had a brief experience in private banking at Swiss Life Private Bank in the Middle Office Equity division. Thomas holds a master degree in Market Finance from the University of Lyon II.

Fund Share Class Details

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

Overview

Longchamp Galileo Multi Asset Premia Fund Strategy

The objective of the Longchamp Galileo Multi Asset Premia Fund (the “Fund”) is to generate a stable income through exposure to risk premia strategies. To achieve its objective, the Fund tends to invest substantially all its assets in short dated government bonds. Initially, the Fund will invest in Italian government bonds. The Fund will also gain exposure to risk premia strategies on various markets (the “Multi Asset Premia Strategy”) through the use of swaps with one or more bank counterparties. The Multi Asset Premia Strategy consist in systematic put writing strategies on various markets.

  • Targets a 5% to 7% net annualized return
  • Aims to generate stable income and capital preservation over the long term
  • Diversified exposure across markets and geographies
  • Long term portfolio construction based on fundamental performance drivers and on-going analysis of market configurations for tactical adjustments
  • Rigorous risk management to limit drawdown risks through tail hedge protection
Performance

Performance as of 11/09/2020

NAVMTDYTDLTD
1,051.57€-0.11%5.16%5.16%
Loading

Past performance is not an indicator of future performance. 

Details

Details

Strategy
  • Premia
Investment Process
  • Systematic put writing
  • Put writing strategies offer a more defensive profile vs. investing directly in equity and fixed income markets
  • Put writing strategies are designed to:
    • Generate a stable income
    • Outperform their benchmarks in rangy and bearish markets
    • Limit draw downs in extreme bear markets …
  • … in exchange for giving up a portion of participation in strong markets
Philosophy
  • Core Portfolio: Systematic
  • Put Writing StrategiesSatellite Portfolio: Diversification Strategies
  • Cash and Government Bonds
Fund Facts

Fund Facts

Legal StructureAIF (Fonds Professionnel Spécialisé)
Investment ManagerLongchamp Asset Management
DomicileFrance
Base CurrencyEUR
Net Asset Value FrequencyWeekly
Dealing Deadline (Subscription)3:00pm Paris time 2 Business Days prior to the relevant Dealing Day
Dealing Deadline (Redemption)     3:00pm Paris time 2 Business Days prior to the relevant Dealing Day
Settlement Date (Subscription)Within 2 Business Days after the relevant Dealing Day
Settlement Date (Redemption)Within 2 Business Days after the relevant Dealing Day
Key Professionals

Key Professionals

David Armstrong
Chief Investment Officer 

David is Chief Investment Officer at Longchamp Asset Management. Previously, he was a Managing Director at Morgan Stanley & Co. International Plc, acting as global head of the investment bank’s Funds and Fund Linked business. In particular, he was in charge of the FundLogic Alternatives Plc (UCITS) Platform and served as President of the French asset management company, FundLogic SAS. Before joining Morgan Stanley, David worked at Société Générale Corporate & Investment Banking in the Equity Derivatives division in Paris before moving to Milan to take the responsibility for the Italian Capital Markets, and then joining Société Générale’s New York office to head the Structured Products division for the Americas. David holds a master’s degree in Business Administration from EDHEC, Lille, France.

Isabelle Mérou
Portfolio Manager

Isabelle is a Portfolio Manager at Longchamp Asset Management. She is in charge of Private Banking, Multi-management and fund structuring. Prior to joining Longchamp AM, Isabelle worked at Société Générale Bank & Trust (SGBT) at the dealing desk for OTC derivatives. Before SGBT, Isabelle was part of the structured products and FX derivatives sales team at Société Générale Corporate et Investment Banking (SGCIB). Isabelle holds an Engineer degree in financial engineering.

Lorenc Golemi
Head of Financial Engineering and Chief Risk Officer

Lorenc is the Chief Risk Officer at Longchamp AM. Before joining Longchamp AM, Lorenc worked in consultancy and advisory in investment banking and asset management. Previously he worked as Portfolio Manager, Risk Manager and Financial Engineer at UBS AM, CommerzBank and Dresdner Kleinwort Benson. He was in charge of systematic strategies and risk management of volatility and absolute return funds. Lorenc holds an Engineer degree in computer science and a master’s degree in applied mathematics.

Thomas Murgue
Portfolio Manager Assistant 

Thomas is Portfolio Manager Assistant at Longchamp Asset Management. Previously, he was in charge of multi-assets fund of funds management for French and Italian institutional clients at BNP Paribas Asset Management in the Multi-Asset Quantitative & Solutions team. Before joining, BNPP AM, Thomas had a brief experience in private banking at Swiss Life Private Bank in the Middle Office Equity division. Thomas holds a master degree in Market Finance from the University of Lyon II.

Shares

Fund Share Class Details

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

Fund Downloads