Longchamp Patrimoine Fund

Strategy Overview

The goal of the Longchamp Patrimoine Fund (the « Fund ») is to seek to deliver an annualized performance net of fees higher than that of €STR Capitalized +1,085% over the recommended investment period of 5 years minimum, through the selection of diversified funds mainly exhibiting an absolute return objective.

Longchamp Asset Management (“Longchamp AM”) is an employee-owned asset management company founded in 2013, authorized and regulated by the Autorité des Marchés Financiers (GP-13000009).

The Fund is now listed on Euronext Fund Service Paris.

  • Seeks to deliver a steady stream of uncorrelated returns (compared to that of traditional asset classes) through a highly convicted allocation and a dynamic portfolio management
  • Diversification in terms of strategies (countries and/or sectors) as well as asset classes through allocations in UCITS funds, most of which have an absolute return focus
  • Fund selection based on quantitative and qualitative analysis as well as a thorough due diligence process
  • Historical annualized volatility capped at 6% maximum

Funds Facts

Legal Structure:

Fonds Commun de Placement (« FCP ») UCITS français

Umbrella Fund:

N/A

Fund Manager:

Longchamp Asset Management SAS

Passporting:

Approved in France

Base Currency:

EUR

Liquidity:

Weekly (every Friday that is a Business Day)

Dealing Deadline (Subscription):

12:00 midday French time 1 Business Day prior to the relevant Dealing Day

Dealing Deadline (Redemption):

12:00 midday French time 1 Business Day prior to the relevant Dealing Day

Settlement Date (Subscription):

4 Business Days after the relevant Dealing Day

Settlement Date (Redemption):

4 Business Days after the relevant Dealing Day

Share S | FR0012034783

Performance as of 2023-09-15

NAV

1 457,09 €

YTD

+9,57%

MTD

+1,28%

3 YEARS

+28,50%

LTD

+45,71%

Past performance is not an indicator of future performance.

Informations

Objective
  • Deliver an annualized performance net of fees higher than that of €STR Capitalized +1,085% over the recommended investment period of 5 years minimum, through the selection of diversified funds mainly exhibiting an absolute return objective

 

Investment Universe
  • The Fund may hold up to 100% of its net assets in “Equity”, “Flexible” or “Money Market” UCITS funds. Portfolio management team will mostly seek to allocate to absolute return funds:
    • Equity, fixed income, convertible arbitrage, event driven, CTAs and global macros
  • Additionally, the portfolio management team may, to support their investment thesis and from time to time, hold positions in:
    • Exchange Traded Funds (ETFs) for no more than 20% of the Fund’s net asset value
    • Equity shares of companies listed in countries part of the OECD, EMTNs and BMTNs
  • According to market conditions, the Fund may hold up to 100% of its net asset value in debt securities or money market instruments
 
Investment Process
  • Investment decisions are discretionary and rely mainly on the combination of:
    • « Top down » analysis
    • « Bottom-up » analysis
 
Allocation Decision
  • Allocations seek to be more strategic rather than tactical; changes are expected to be conducted granularly
  • Decision to allocate to each fund will mostly depend on return expectations considering their risk profile and risks associated with the position
  • Further details on the Fund’s allocation guidelines are available in the prospectus

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.


Romain Baumé

Co-Portfolio Manager

Romain is a Private Wealth Manager at Longchamp AM. He is dedicated to developing wealth management mandates. Previously, Romain worked at Indosuez Wealth Management in the Advisory team. He managed cross-assets portfolios, developed derivatives solutions for professional clients and conducted investment committees. Romain holds a master’s degree in Corporate Finance from the Toulouse Business School.

Shares

Investor profil
Shares
Currency
ISIN
BBG Code
Inception
Mgmt Fee
Perf Fee

Seeding *

SEURFR0012034783LCARSED FP26.09.20140%10%

Institutional

IEURFR0013462033LCABRII FP13.12.20190.50%10%

Institutional

AEURFR0012034791LCABRIE FP30.01.20151.00%10%

Risk Profile

An investment in the Longchamp Patrimoine Fund may expose an investor to the following risks (further detailed in the Fund’s prospectus):

  • Capital loss risk
  • Risk associated with discretionary management
  • Equity Risk
  • Risk associated with investments in equities of small cap companies
  • Risk associated with investments in emerging markets
  • Interest rate risk
  • Credit risk
  • Risk associated with high-yield bond investment
  • Currency risk