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Alternative Market Briefing

The Corona Fighters Report 43: Asset managers who delivered in the downturn

Wednesday, June 10, 2020

Bailey McCann, Opalesque New York:

This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020.


European equities rebound

RWC's Pensato Europa Absolute Return Fund is up 3.7% year to date, according to performance information for investors reviewed by Opalesque.

The long/short strategy invests in European companies that are undervalued relative to their fundamentals. The strategy came under the RWC banner in 2017 after the investment team joined from Pensato. Graham Clapp and Ed Rumble lead the investment team and have built on the strategy over 30 years.

The second half of the year could be a positive one for European Equities. A recent analyst note from Bank of America suggests that European stocks could rise another 10% before the end of September as cities and companies across the continent begin to reopen. European stocks have already bounced back 38% from their March trough. The analysts suggest that recovery will be uneven at first as some industries will be able to get back to work faster than others.

Sustainability as an edge

LGT Capital Partners Sustainable Equity Market Neutral Fund is up 3.4% year to date. The strategy is an actively managed global portfolio with a market neutral allocation. The fund builds on existing long-only sustainable equity capabilities. LGT has a long track record in sustainable equity investing.

LGT looks for companies with strong market positions, which can participate in structural trends that will drive long-term growth. According to fund information for investors reviewed by Opalesque, the process results in a concentrated portfolio of 30-70 stocks, depending on the strategy selected, which benefit from a compelling combination of ESG and traditional financial return drivers.

The Princely House of Liechtenstein has been the owner of LGT for over eighty years. LGT is the largest Private Banking and Asset Management group in the world to be owned by a family. A month ago, LGT announced that it would be changing the structure of its business. LGT Private Banking, LGT Capital Partners, and Lightstone, the three business units of the current LGT Group, will be held directly by the Prince of Liechtenstein Foundation and operate as independent pure-play companies in their fields. The decision came alongside the retirement of H.S.H. Prince Philipp von und zu Liechtenstein, who will step down from his role of Group Chairman. H.S.H. Prince Max von und zu Liechtenstein, Group CEO since 2006, will become Chairman of the three new companies.

In a statement, LGT said that each new company has amassed enough unique expertise and size that each practice area could function on its own. LGT Capital Partners has $60 billion in assets under management from more than 550 institutional clients in 37 countries. The alternatives arm of LGT group plans to expand its global reach and further develop its product offering for institutional investors as a standalone business.

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Last issue of The Corona Fighters Report: Report 42.

Opalesque's Corona Fighters reports are open articles. To see all past reports, type Corona Fighters in our search engine: www.opalesque.com/index.php


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Disclaimer: This is not investment advice. Opalesque has not verified this information and gives no warranty of accuracy or completeness. Past performance is not indicative of future results. See our Terms & Conditions for more information.

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WEBINARS:

Meet 10 fund managers and learn how and why their strategies delivered positive returns and/or protected capital during the Corona led market meltdown! Each webinar lasts an hour and features five managers.

"A well-chosen topic of discussion and a great set of speakers to hear and learn from."
"I enjoyed the webinar and found the introduction to the strategies to be diverse and insightful.
"Very resourceful and insightful."


VIDEO REPLAY of CORONA FIGHTERS - Episode 1 webinar: www.opalesque.com/webinar/#pw4

VIDEO REPLAY of CORONA FIGHTERS - Episode 2 webinar: www.opalesque.com/webinar/#pw5


Video replays of Opalesque's past webinars can be found here: www.opalesque.com/webinar/#pastwebinar


Don't miss our new webinars!


- How quants achieve material improvements in ESG investment performance

Time: Thursday, June 18th, 10 am EST
Details and registration: www.opalesque.com/webinar/ESG/


- Corona Fighters Episode 3

Meet five more asset managers who delivered during the meltdown.

Time: Tuesday, June 23rd, 10 am EST
Details and registration: www.opalesque.com/webinar/



Opalesque's upcoming webinars: www.opalesque.com/webinar/


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