Longchamp Trocadero Tail Hedge Fund
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Strategy Overview
The Longchamp Trocadero Tail Hedge Fund’s objective is to provide protection to hostile equities and bonds markets. The Fund leverages the Tail Hedge component of the Trocadero Fund to address portfolio hedging requirements.
The Fund aims to achieve positive convexity in times of market adversity, and can be used to hedge traditional portfolios.
The Fund replicates the pure hedging component of the “Trocadero Fund” which combines both carry and hedging strategies. It is addressed to investors that seek predominantly Efficient Hedging Solutions.
Funds Facts
ISIN Code:
FR001400GDV6
Investment Manager:
Longchamp Asset Management SAS
Regulatory Category:
French RAIF
FPS (Fonds Professionnel Spécialisé), regulated as an AIF under AIFMD
Legal Structure:
FCP (Fonds Commun de Placement)
Domicile:
France
Depositary & Custodian:
Société Générale Securities Services
Administrator:
Société Générale Securities Services
Auditor:
PwC
Dealing Frequency:
Weekly
Launch Date:
31 March 2023
Reference Currency:
EUR
Distribution Policy:
Accumulation
Minimum Investment:
1,000,000
Management Fees:
0.75% and 15% performance fees
FR001400GDV6
Performance as of 2024-04-19
NAV
1 018,48 €
YTD
+1,32%
MTD
+3,07%
3 YEARS
-
LTD
+1,85%
Past performance is not an indicator of future performance.
Longchamp AM's QIS Expertise
Longchamp AM has built an expertise in QIS since 2018, aimed at enhancing traditional portfolio performance and mitigating specific portfolio risks through an actively managed allocation of QIS strategies.
Driven by our clients’ evolving needs, Longchamp AM has built unique QIS solutions, that are uncorrelated to equity and bonds, with a focus on delivering alternative income sources, minimizing drawdowns and volatility, and convex behavior in hostile market environments.
Our offering :
Industry Oversight
- We maintain an ongoing dialogue with leading QIS Providers, enabling us to vigilantly track innovations and fine-tune our analytics. This commitment to staying ahead ensures that our clients benefit from the latest advancements in the QIS landscape.
Independence in Strategy Selection
- Our approach is characterized by impartial strategy selection, driven by a rigorous evaluation process. By identifying the most promising candidates and discarding less relevant options, we create portfolios that truly align with our client’s goals.
Risk Management
- Risk management is a core principle embedded in our portfolio construction and management. Our strategy involves a blend of proprietary research and insights from prominent financial institutions, ensuring a holistic approach to risk mitigation.
Active Management
- Our continuous monitoring framework leads us to adapt portfolios swiftly in response to changing market dynamics and emerging opportunities, maximizing returns while minimizing risk.
Moreover, alongside classical valuation metrics, Longchamp AM has developed proprietary metrics that offer a deeper understanding of strategy behaviors and their contributions to convexity in comparison to equity and bond benchmarks. This enables us to provide unparalleled insights into the dynamics of our strategies.
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.