Investment Objective
LandseerAM European Equity Focus Long/Short is a low net (‐/+ 20%) actively managed equity long/short fund that aims to provide a positive absolute return over any 12 month period, regardless of market conditions. The Fund invests primarily in European equities listed or with the focus of their operations in Continental European, the Republic of Ireland and, or the United Kingdom.The team focus on compounding growth over the long‐term by avoiding large drawdowns utilising bottom‐up proprietary research in a concentrated universe of companies that they have covered for many years. The strategy combines fundamental longer‐term (core) positions with tactical, shorter‐term positions.
Latest Meeting Note
Meeting 19 Jan 2021
Landseer Asset Management was founded in May 2020 by Andy Billett (ex. Arrowgrass), Roger Guy (ex Gartmore) and Paul Graham to manage a low net European long/short strategy which builds upon the shared experience of the team having run s... Read more
Landseer Asset Management was founded in May 2020 by Andy Billett (ex. Arrowgrass), Roger Guy (ex Gartmore) and Paul Graham to manage a low net European long/short strategy which builds upon the shared experience of the team having run similar strategies collectively since 2009. The portfolio is typically constructed from a longer term book of core positions, augmented by a shorter term tactical book. At the time of writing the portfolio had 70 names, 45 core and 25 tactical. The objective of the strategy is to provide investors with a non-correlated source of returns, avoid large drawdowns and compound growth. Overall the strategy is designed to be style agnostic, with a moderate level of overall net exposure. At the time of writing particular areas of interest were selective exposure in miners, banks, and airlines.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 0.7 | 0.1 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.1 | 0.4 | 1.0 | 0.5 | 0.3 | 0.4 | |
| 2019 | 0.5 | 0.5 | 0.6 | 0.6 | 0.3 | 0.4 | 0.1 | 0.1 | 0.5 | 0.1 | 0.9 | 0.3 | 0.8 |
