Alma Perdurance European Equity Fund
Overview
- Alma Perdurance European Equity Fund invests in equity securities with a focus on Western Europe except UK.
- The fund is managed by Perdurance Asset Management Limited.
Share Class
NAV
Cumulative Performance (%)
Fund Inception
| Daily | Monthly | Ytd | 1Yr | 3Yr | 5Yr | Incept. | Incept.Date |
|---|
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Strategy & Manager
Funds Strategy
The investment objective of the Sub-Fund is to seek long-term capital appreciation and to outperform the MSCI Europe ex-UK Total Return Net Index (EUR) (the “Benchmark”).
The Sub-Fund intends to invest its assets principally in equity securities of European companies or non European companies whose shares trade on a European exchange or that the Investment Manager determines are otherwise actively traded in Europe.
Some of the factors considered by the Sub-Fund in its selection of investments are the relative valuation of a company, the liquidity of that company, and the contribution that the stock would make to the conceptual diversification (and sectors, styles and geographies) of the portfolio.
Key Persons
Ivan Briery Founder, CEO & CIO
Ivan founded and co-managed Voltaire from 1998-2005, and prior to that was a Soros partner. He was on sabbatical until founding Perdurance in 2014.
Ivan started his career as an equity analyst and portfolio manager with a French stockbroker in 1989. He joined Soros Fund Management in 1994, and subsequently became a partner in the business. In 1998, he left Soros Fund Management and co-founded Voltaire Asset Management Limited, which returned assets to investors in 2005 after seven years of very successful investment performance. Until 2014, Ivan was on an extended sabbatical.
Statistics & Commentary
Performance
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
Investment Manager's Commentary
as ofFund
The markets experienced a strong rally in July and as market participant increased their risk appetite, defence stocks fell out of favour. The largest losing positions this month were our two defence stocks, Rheinmetall and Leonardo, detracting 1.7% and 0.5% of alpha respectively. Temenos (bank software) cost 0.5% after the company released results below the market consensus due to a large deal being postponed to Q3 instead of Q2.
The main positive contribution came from Worldline (payment services), which added 0.8% of alpha after the company posted results above the market consensus and showing accelerating growth.
Facts & Documents
Facts
Fund Domicile: Luxembourg
Fund Type: UCITS SICAV
Base Currency: EUR
Depositary, Administrator, Transfert Agent: BNP Paribas Securities Services (LU)
Dealing: Each day with a 1-day notice
Cut-off time: 12 pm CET
Management Company: Alma Capital Investment Management
Investment Manager: Perdurance Asset Management Limited
Countries where the fund is registered:
Luxembourg, France
Sustainability-related disclosures:
The information related to the integration of sustainability risks and to the potential adverse sustainability impacts at the sub-fund level can be found in the prospectus of the Fund.
Identifiers:
Institutional EUR Capitalisation share class
ISIN: LU1687386257
Ticker: AGUIEHA LX
Launch: 11 Jun 2021
Documents
available upon request