H2O Aussie Dollar share class strategy wins $80 million insurance mandate

From

Damon Hambly

Natixis Investment Managers has announced that its global macro affiliate, H2O Asset Management, has been awarded an $80 million mandate. 

The mandate was awarded to the newly created H2O Australian Dollar Share Class Adagio Fund.

Damon Hambly, CEO for Natixis in Australia, said: “We are delighted to announce a new client for our affiliate, H2O Asset Management. The client’s decision shows further recognition in the expertise of H2O in generating alpha.”

H2O CEO, Bruno Crastes, commented: “The share class was created for Australian wholesale investors looking for the ability to generate alpha across FX, rates and credit with a proven process and a 20 year track record in the industry”.

Louise Watson, Managing Director for Natixis in Australia, said: “In a time when investors are seeking differentiated sources of alpha for a compelling fee, H2O’s returns in global macro – from bonds and currencies in particular – have outstripped some of the world’s best performing managers.

“H2O has built a high-performance culture where ideas are generated through deep research and long track records of analysing investor behaviour, investing across regions and financial instruments.”

H2O Adagio is an absolute return strategy managed with an annual ex-post volatility target comprised between 2% and 4% over the recommended investment horizon of two years. It invests in fixed income (sovereign debt, investment grade credit, high yield) and currency markets. The H2O Adagio Fund has delivered investors a 4.31% p.a. return (after fees) since inception August 23 2010 to October 31 2018, generating 4.26% p.a. above the fund’s benchmark, EONIA, over the same time period.

H2O is a specialist in global macro multi-strategy investments. It was launched in 2010 and has US$29.8bn of assets under management as of end of September 2018. The London-based manager’s investment philosophy is based on a top-down, unconstrained approach​. It has a strong currency contribution and limited exposure to credit.

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[1] Cerulli Quantitative Update: Global Markets 2017 ranked Natixis Investment Managers (formerly Natixis Global Asset Management) as the 15th largest asset manager in the world based on assets under management as of December 31, 2016.
[2] Net asset value as at September 30 2018, Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets and other types of non-regulatory AUM.

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