Galileo Multi Asset Premia Fund

Galileo Multi Asset Premia Fund Strategy

The objective of the 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 20/01/2023

Download

NAV MTD YTD LTD
1,019.48€ 4.92% 4.92% 1.95%

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 Structure AIF (Fonds Professionnel Spécialisé)
Investment Manager Longchamp Asset Management
Domicile France
Base Currency EUR
Net Asset Value Frequency Weekly
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.

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.

Raphaël Darmon
Portfolio Manager Assistant 

Raphaël joined Longchamp AM as a Portfolio Manager Assistant. Previously, we worked as a Sales Assistant at la Société Générale Corporate et Investment Banking (SGCIB) within the Cross Asset Solutions team. Before joining SGCIB, he worked at La Française Global Investment Solutions (LFIS) in the London Alternative fund Sales team. Raphaël holds a Master’s degree in Quantitative Finance from EM Lyon Business School.

Fund Share Class Details

  ISIN codeBBG codeInceptionMgmt FeePerf Fee

Share A *

EURFR0013483260LONGMAD15.05.20201.00%0%

Share D

EURFR0013481249LONGMAD17.04.20201.00%0%

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

Overview

Galileo Multi Asset Premia Fund Strategy

The objective of the 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 20/01/2023

Download

NAV MTD YTD LTD
1,019.48€ 4.92% 4.92% 1.95%

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 Structure AIF (Fonds Professionnel Spécialisé)
Investment Manager Longchamp Asset Management
Domicile France
Base Currency EUR
Net Asset Value Frequency Weekly
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.

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.

Raphaël Darmon
Portfolio Manager Assistant 

Raphaël joined Longchamp AM as a Portfolio Manager Assistant. Previously, we worked as a Sales Assistant at la Société Générale Corporate et Investment Banking (SGCIB) within the Cross Asset Solutions team. Before joining SGCIB, he worked at La Française Global Investment Solutions (LFIS) in the London Alternative fund Sales team. Raphaël holds a Master’s degree in Quantitative Finance from EM Lyon Business School.

Shares

Fund Share Class Details

  ISIN codeBBG codeInceptionMgmt FeePerf Fee

Share A *

EURFR0013483260LONGMAD15.05.20201.00%0%

Share D

EURFR0013481249LONGMAD17.04.20201.00%0%

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

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