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BlackRock European Absolute Alpha

Ranked 30 out of 75 in - Long/Short Equity over 12 months
All calculations are in GBP unless stated

Managed by

Vincent Devlin

Born in Northern Ireland in 1970 Vincent Devlin graduated from the University of Manchester in 1992 with a BSc (Hons) in Electronic Engineering. His investment career began two years later when he joined the Co-operative Insurance Society where he spent four years before moving to Insight Investments in 1998 as fund manager of European equities. After a further four year stint Vincent moved to join Scottish Widows where he remained until 2007 reaching the position of investment director and managing European retail unit trusts with a total of €1bn funds under management. Having left SWIP at the end of 2007, Vincent has now moved to BlackRock where he currently manages their Continental European Fund. An associate member of UKSIP, Vincent’s leisure interests focus on the sporting activities of rugby and cycling.

Stefan Gries

Stefan Gries, CFA, director and research analyst, is a member of BlackRock's European Equity team within BlackRock's Alpha Strategies Group. Prior to joining BlackRock in 2008, he spent two years at Scottish Widows Investment Partnership where he completed a two year graduate program. During this program Stefan was an analyst covering auto and auto suppliers, metal & mining sectors and small and mid-cap Eurozone stocks. During his studies, Stefan worked summers at Lehman Brothers and DWS Investments. He earned an MA in Economics and Spanish from the University of St Andrews in 2005.

Objective

This Fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any European equity index. The Fund invests primarily in a portfolio of equities and equity-related securities (including derivatives) of companies incorporated or listed in the European Economic Area and Switzerland, although from time to time cash and near cash may be held. The Fund may also invest in other transferable securities, permitted money market instruments, permitted deposits and units in collective investment schemes. In order to achieve the investment objective and policy the Fund will invest in a variety of investment strategies and instruments.

Showing fund performance in United Kingdom View performance globally

Performance

Long/Short Equity over : 31/08/2015 - 31/08/2016
  • Rank 30/75 Total Return
  • Rank 13/75 Standard Deviation
  • Rank 18/75 Max Drawdown

Total Return

Quarterly Performance

to 30/06/2016 Annual Q1 Q2 Q3 Q4
2016 -1.7% 1.0%
2015 8.9% 1.9% 1.4% 2.9% 2.5%
2014 0.3% 2.7% -4.4% 0.5% 1.5%
2013 4.4% 1.3% 1.8% -0.5% 1.7%
2012 5.2% 1.7% 1.6% 0.5% 1.3%
2011 5.7% -2.3% 0.1% 4.7% 3.3%
2010 3.8% 0.8% -1.6% 2.4% 2.3%
2009 2.1% 0.6% 0.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2016

Top 10 Holdings

Stock Size
GBP Cash 17.77
Cooperatieve Rabobank UA 0.719% 29-Apr-2016 4.87
Cooperatieve Rabobank UA 0.000% 14-Oct-2016 4.59
MITSUB TRU UK 0.00% 07/29/16 SR:29 4.58
Commonwealth Bank of Australia 1.090% 22-Jul-2016 3.69
Erste Abwicklungsanstalt 0.000% 13-May-2016 3.67
Matchpoint Fin 0.000% 24-Jun-2016 3.67
Macquarie Bank Ltd 0.000% 14-Jul-2016 3.67
ANZ Natinal Intl 0.000% 07-Jul-2016 3.21
NORINCHKN BK LON 0.00% 04/15/16 SR:15 2.75
31/03/2016

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date31/03/2009
  • Share Class size113Mn
  • Base currencyGBP
  • ISIN GB00B4Y62T40

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment50

Charges

  • Annual management1.50%
  • Initial investment5

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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).