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Algebris Financial Credit I GBP Acc

Ranked 1 out of 17 in - Europe High Yield over 12 months
All calculations are in GBP unless stated

Managed by

Sebastiano Pirro

Sebastiano Pirro joined Algebris in August 2012 as investment analyst covering credit opportunities and is now the portfolio manager of the fund. Prior to this, he worked in corporate finance at JP Morgan Investment Bank. Pirro holds an MSc magna cum laude in mechanical engineering from Padua University, Italy, and is a CFA charter holder. Sebastiano was a professional alpine ski athlete, ranking within top 150 globally in giant slalom and participating in the European Cup circuit.

Objective

The Funds objective is to provide a high level of income and generate modest capital appreciation. Funds assets will be invested in the financial sector globally, primarily in fixed and variable interest securities, contingent convertible instruments, hybrid securities, Tier 1 and upper and lower Tier 2 securities, trust preferred securities, preference shares, convertible securities, other subordinated debt, as well as exchange traded notes, exchange traded funds, which provide exposure to the particular asset classes in which the Investment Manager wishes to invest, and deposits.

Showing fund performance in United Kingdom View performance globally

Performance

Europe High Yield over : 31/12/2016 - 31/12/2017
  • Rank 1/17 Total Return
  • Rank 13/17 Standard Deviation
  • Rank 3/17 Max Drawdown
Fund Name Currency Risk
11 Aberdeen European High Yield Bond A2 Acc GBP

2.3

12 Oaktree (Lux) Fds-Oaktree European HiYld Bd HGBPIA

Currency exposure is hedged

Currency exposure is hedged

GBP

2.4

13 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

2.8

14 Invesco Perpetual High Yield Acc GBP

3.3

15 Threadneedle European High Yld Bd Ret Net Acc GBP GBP

6.9

Fund Name Currency Loss
1 Goldman Sachs Europe HY Bond Pf R GBP-H

Currency exposure is hedged

Currency exposure is hedged

GBP

0%

2 AXA Pan European High Yield Bond R Acc Net GBP

-0.2%

3 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.2%

3 Schroder ISF Strategic Credit C Acc GBP

-0.2%

3 Nordea 1 - European High Yield Bond HAI GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.2%

Total Return

Quarterly Performance

to 31/12/2017 Annual Q1 Q2 Q3 Q4
2017 10.9% 3.3% 2.8% 1.8% 2.6%
2016 7.5% -1.0% 0.9% 4.1% 3.3%
2015 6.3% 4.0% -0.7% 0.2% 2.8%
2014 -7.1% 0.0% 0.0% 0.0% -7.1%
2013 0.8% 0.8% 0.0% 0.0% 0.0%
2012 6.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. France
  2. Germany
  3. Italy
  4. Luxembourg
  5. Netherlands
  6. Spain
  7. Switzerland
  8. United Kingdom

Fund Info

  • Launch date13/09/2012
  • Share Class size00Mn
  • Base currencyEUR
  • ISIN IE00B85LPZ38
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment0

Charges

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).