Eclectica Absolute Macro Fund

Overview

The Fund seeks to achieve positive returns through strategically allocating capital across multiple asset classes on a global basis

Key Facts

Why an absolute return fund? It seeks to protect capital in distressed markets while pressing forward in more opportune times, by being uncorrelated to broader risk markets

Fund strategy To dynamically allocate across multi-asset classes in order to preserve capital and generate absolute returns in all market and economic conditions, by investing in global equities (long and short), global fixed income, commodities (ETCs) and currencies

Risk Management VaR reporting is now being used in order to minimise volatility and to enable the manager to evaluate the risk of making individual trades in the wider context of the total risk of the portfolio

Fund Methodology The Fund is macro driven and the investment process starts with a top-down analysis formulated by an ongoing review of the macro environment, which determines the asset allocation

Fund Managers

Hugh Hendry
A genuine contrarian, non-consensual thinker, who offers a unique global macro perspective. Before setting up Eclectica Asset Management in 2005, Hugh was a partner at Odey Asset Management, where he was responsible for $1bn of long-only European mandates and launched the Eclectica Fund (hedge fund) in 2002

Why the Eclectica Absolute Macro Fund?

The Fund aims to make an annualised return of 10% over cash on a rolling three-year basis regardless of market conditions. Eclectica have a long established track record of uncorrelated and positive returns, shown by the Eclectica Fund’s return of over +30% in 2008. This fund offers access to Eclectica’s global macro skill set in a UCITS IV framework with no performance fee

Literature

Fund Facts

Fund Type: UCITS IV OEIC

Domicile: UK

Currency: £/€/$

Dividends: Accumulated

Benchmark: None

Fund Inception: 31 December 2009