Designed to build a stable source of carry for the portfolio, through investment in cash flow generating assets (equities, credit, real estate).
High quality companies that can grow and compound earnings over several years. Internal ownership, strong balance sheets, high and stable Return on Invested Capital.
Equity markets, rates, currencies, countries and sectors, with individual positions which reflect our view of the world through the economic cycle.
Assets where catalysts and circumstances (M&A, distressed assets, etc.) are very company specific. Such assets provide bottom-up, uncorrelated investments.
Less correlated, which work in periods of market disruption (gold, real assets, volatility and commodities), arbitrage strategies.
Outcome investing is high conviction. Combining assets on Time and Correlation delivers a truly diversified portfolio, contrary to traditional asset allocation.
Our allocation to the five strategies is adjusted dynamically through the economic cycle to reflect the changing asset valuations. The economic cycle is negatively correlated with the cycle of investment opportunities’ valuations.
– ECONOMIC CYCLE
– INVESTMENT OPPORTUNITY CICLE
Each investment idea is analysed from different angles by our multi-disciplinary team. We believe the real value is in how bottom-up and top-down work together. We evaluate the contribution of each idea to the return, volatility and overall portfolio structure. This approach ensures the optimal capture of return, diversification and risk management for a total return objective.
Plenisfer Investments SGR S.p.A.
Via Niccolò Machiavelli 4
34132 Trieste (TS)
Via Sassetti 32, 20124 Milano (MI)
+39 02 8725 2960
Please read the KIID as well as the Prospectus before subscribing. Past performance is no indication of future performance.
The value of your investment and the return on it can go down as well as up and, on redemption, you may receive less than you originally invested.