Galileo Multi Asset Premia Fund

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Strategy Overview

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

Funds Facts

Legal Structure:

AIF (Fonds Professionnel Spécialisé)

Investment Manager:

Longchamp Asset Management SAS

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

Share A | FR0013483260

Performance as of 2024-07-12

NAV

1 106,75 €

YTD

+4,57%

MTD

+1,95%

3 YEARS

-0,82%

LTD

+10,68%

Past performance is not an indicator of future performance.

Informations

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

Key Professionals

David Armstrong

President – Managing Director

David is Chief Executive Officer at Longchamp Asset Management, which he founded in 2013. Previously, he was a Managing Director at Morgan Stanley & Co. International Plc, heading the investment bank’s Funds and Fund Linked business globally. In particular, he was in charge of the FundLogic UCITS Platform and served as President of the French asset management company, FundLogic SAS. Prior to joining Morgan Stanley, David had spent fourteen years within the Global Equity and Derivatives Solutions division at Société Générale. After joining the group in Paris, David moved to Milan to head the global capital markets operations including all Equity and Fixed Income activities. He also chaired the Italian alternative asset management company, Lyxor SGR. Thereafter, he moved to New York to head up Structured Products Sales 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

Junior Portfolio Manager

Raphaël joined Longchamp AM as a Junior Portfolio Manager. 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

Investor profil
Currency
ISIN
BBG Code
Inception
Mgmt Fee
Perf Fee

Share A *

EURFR0013483260LONGMAD15.05.20201.00%0%

Share D

EURFR0013481249LONGMAD17.04.20201.00%0%