Products

Longchamp Absolute Return Fund

The goal of the Longchamp Absolute Return Fund (the « Fund ») is to seek to deliver an annualized performance net of fees higher than that of EONIA capitalized +1% 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.

Longchamp Absolute Return Strategy Overview

  • 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 

Details

OBJECTIVE
  • Deliver an annualized performance net of fees higher than that of EONIA capitalized +1% 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 

Risk Profile

An investment in the Longchamp Absolute Return 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

Portfolio Managers

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.

Pierre Grosgogeat – Portfolio Manager

Pierre is a Portfolio Manager, mostly involved in Longchamp AM's multi-management activities. Prior to joining Longchamp AM, he was at the Boston Consulting Group ("BCG") and with BGC, a New-York based brokerage company. Pierre graduated from McGill University, Desautels School of Management. 

Past performance information contained in this website is not indicative of future results.

View larger chart

Fund Downloads

Umbrella Downloads

Fund Facts

Legal Structure: Fonds Commun de Placement (« FCP ») UCITS français

Umbrella Fund:

Fund Manager: Longchamp Asset Management SAS

Passporting: Approved in France

Base Currency: EUR

Other Currency Share Classes:

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

Fund Share Class Details

ISIN Code BBG Code Inception Mgmt Fee Perf Fee TER KIID Link
Longchamp Absolute Return Fund (Diversified Exposure to the Absolute Return Space)
Seeding * S EUR FR0012034783 LCARSED FP 26.09.2014 N.A. 10% > EONIA Cap + 1% N.A. KIID
Institutional A EUR FR0012034791 LCABRIE FP 30.01.2015 1.00% 10% > EONIA Cap + 1% 1.20%** KIID

Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances. 

** Includes a maximum of 0.20% p.a. administration fees covering for service providers (custodian, administrator, audit, KIIDs, etc)

*** Includes a maximum of 0.25% p.a. external operating fees (auditor, custodian, distribution, and lawyers)

Source:

CM CIC for the Longchamp Absolute Return Fund
SGSS for the Longchamp Treasury Fund and Longchamp Galileo Equity Income Fund

The above figures refer to the past. Past performance are net of fees and are not a reliable indicator of future results.

TERMS OF USE

Access to the products presented on this website may be subject to restrictions regarding certain investor profiles and / or countries.

To continue your navigation, please select your investor type: