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Global Macro Multi-Strategy Portfolios

Composite Characteristics

These mandates take both long and short exposures to securities in all available asset classes both in South Africa and abroad. Protection of capital is emphasised while targeting low volatility, inflation-beating returns over rolling three-year periods.

Investment objectives

To exceed CPI + 8% per annum over rolling three-year periods, while never sustaining a monthly loss in excess of 5% and maintaining volatility below a target level (being two-thirds of the volatility of the SA share market).

Specific Restrictions

The portfolios are currently restricted to 20% offshore exposure, while gross derivative exposure may not exceed 40% of portfolio.

Differentiating Features

Within these mandates, clients have prioritised the requirement for a low volatility return profile and maximum monthly loss of 5%. The graph below reflects the success in restricting monthly losses to below the maximum 5% limit – even during periods of severe market stress. The requirement to maintain a low volatility return profile has been achieved, with the standard deviation of rolling one-year returns well below the target level of two-thirds of the volatility experienced by the FTSE/JSE All Share Index.

Availability

Minimum segregated account size: Negotiable from R250 million

Historic Investment Returns

The investment return information reflected below is in respect of a composite of institutional mandates managed on a segregated basis.

* SA CPI + 8% per annum

Contact us

For more information on Foord’s capabilities or to enquire about Foord’s product range please contact:

William Fraser
021 532 6935
william.fraser@foord.co.za

Mike Soekoe
021 532 6906
mike.soekoe@foord.co.za

Paul Cluer
021 532 6925
paul.cluer@foord.co.za