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Performance – Q1 2022 EUR
There was a lot of volatility and market weakness during the 1st quarter of 2022. The risk-off environment was first of all related to the volatility in interest rates due to more persistent and stronger inflation numbers, which have led Central Banks …
Outlook – Q1 2022 EUR
There are number of concerns regarding inflation, Central Banks, quantitative tightening and geopolitical risks, notably the War in Ukraine. Despite that, we feel spreads on subordinated of financials are extremely attractive at close to 400 bps. Moreo …
Positioning – Q1 2022 EUR
The fund invests predominantly in investment grade issuers, but we are prepared to go down a company’s capital structure to find the best combination of yield, value and capital preservation. One feature of the fund is the substantial holding in financ …
Performance – Q1 2022 GBP
There was a lot of volatility and market weakness during the 1st quarter of 2022. The risk-off environment was first of all related to the volatility in interest rates due to more persistent and stronger inflation numbers, which have led Central Banks …
Positioning – Q1 2022 GBP
The fund invests predominantly in investment grade issuers; however, we are prepared to go down a company’s capital structure to find the best combination of yield, value and capital preservation. One feature of the fund is the substantial holding in f …
Outlook – Q1 2022 GBP
There are number of concerns regarding inflation, Central Banks, quantitative tightening and geopolitical risks, notably the War in Ukraine. Despite that, we feel spreads on subordinated of financials are extremely attractive at more than 400 bps. More …
Performance – Q1 2022 USD
There was a lot of volatility and market weakness during the 1st quarter of 2022. The risk-off environment was first of all related to the volatility in interest rates due to more persistent and stronger inflation numbers, which have led Central Banks …
Positioning – Q1 2022 USD
The fund invests predominantly in investment grade issuers; however, we are prepared to go down a company’s capital structure to find the best combination of yield, value and capital preservation. One feature of the fund is the substantial holding in f …
Outlook – Q1 2022 USD
There are number of concerns regarding inflation, Central Banks, quantitative tightening and geopolitical risks, notably the War in Ukraine. Despite that, we feel spreads on subordinated of financials are currently extremely attractive. Moreover, from …
Monthly Commentary – March 2022 Climate Bond
Monthly review and performance  During the month of March, market sentiment improved despite ongoing uncertainty. EUR investment grade (IG) spreads tightened by 15 bps on the month, after peaking around 160 bps in early March, a level that typically re …
Monthly Commentary – March 2022 EUR
Share March was a more constructive month, despite the weakness during the first two weeks. Spreads tightened slightly during the month. We came to the end of Q4 results, and all of our issuers demonstrated their strength from a credit standpoint. As w …
Monthly Commentary – March 2022 GBP
March was a more constructive month, despite the weakness during the first two weeks. Spreads tightened slightly during the month. We came to the end of Q4 results, and all of our issuers demonstrated their strength from a credit standpoint. As we said …
European banks – Russia is an equity story, not a credit story
Romain Miginiac examines the European Banking Sector in the context of the Ukraine crises and the the specific impact of exposure to Russian contreparties.
Monthly Commentary – February 2022 USD
As in January, February was a risk-off month. Initially, we saw some volatility linked to inflation, as well as central bank rhetoric regarding quantitative tightening and rising interest rates. On top of that, volatility continued to increase due to t …
Monthly Commentary – February 2022 EUR
 As in January, February was a risk-off month. Initially, we saw some volatility linked to inflation, as well as central bank rhetoric regarding quantitative tightening and rising interest rates. On top of that, volatility continued to increase due to …
Monthly Commentary – February 2022 Climate Bond
Monthly review and performance Markets were weak in February as geopolitical tensions rose significantly following the Russian invasion of Ukraine. Monetary policy remained in focus with rates up on the month (10-year German Bund +12 bps) against a bac …
Monthly Commentary – February 2022 GBP
As in January, February was a risk-off month. Initially, we saw some volatility linked to inflation, as well as central bank rhetoric regarding quantitative tightening and rising interest rates. On top of that, volatility continued to increase due to t …
The most consistent funds of the decade
Article published in Trustnet – GAM Star Credit Opportunities delivered the highest total return over the 10 years of the six funds on the list, at 147.2%. The fund seeks to generate a steady and high income from the bonds of quality companies, focusing on subordinated debt to capture higher yields.
Atlanticomnium appoints new external member of board of directors
Atlanticomnium (Atlanti), the Geneva and London fund management and wealth management firm, has appointed Ms Karina Robinson as a Non-Executive Director.
EU Banks – Still waiting for the NPL Bulldozer
One area where it has been easy to be wrong, is the path of non-performing loans in the European banking system. Against a backdrop of a global pandemic, NPLs have stubbornly continued their downtrend to reach a historic low of 2.1% (EBA number as of Q3 2021).