Price and Performance (End of Month)
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Past performance is not indicative of future performance. Performance is provided net of fees.
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Valuation date: 31 Mar 2021
Fixed Income – Specialist.
INSTRUMENT TYPES USED
Mainly corporate bonds, with limited exposure to convertibles, derivatives (mainly currency forwards) and cash.
The fund seeks to achieve high income generation with capital appreciation from investing in bonds of high quality companies.
Able to use currency forward contracts to hedge the currency risk of non-base currency assets. Derivatives have not been used to hedge interest rate risk as inclusion of fixed rate and floating rate bonds provides natural hedge.
Publicly quoted corporate bonds of any credit quality issued predominantly by investment grade companies, with a particular focus on the financial sector and niche areas such as undated, floating rate and fixed-to-floater debt instruments
The fund does not borrow to invest and does not leverage its positions to generate a notional exposure in excess of its NAV.
Meet our award winning credit investment specialists
CEO, Fund Manager
Anthony Smouha is Chief Executive Officer, a member of Management Committee and Fund Manager managing GAM funds since joining in 1992.
Prior to joining Atlanticomnium S.A., Mr Smouha was senior vice president, head of bond trading and sales at Soditic SA/SG Warburg Soditic SA, Geneva. Prior to this, he was at Credit Suisse First Boston in London.
Mr Smouha was educated at Harrow School and holds an MA Cantab Hons in Economics from the University of Cambridge. He is based in Geneva.
Gregoire Mivelaz is a Fund Manager and a member of Management Committee.
Prior to joining Atlanticomnium S.A. in 2009, Mr Mivelaz held positions both as a buy-side and as a sell-side credit analyst.
Mr Mivelaz graduated from the University of St Gallen and holds a BA in Finance and Capital Markets, an MA in Economics and is a CAIA charterholder.
Patrick Smouha, who joined Atlanticomnium in 2012, is co-managing the GAM’s credit opportunities strategies alongside Anthony Smouha and Gregoire Mivelaz
Prior to this Patrick was assistant fund manager, responsible for dealing and execution. He has been a member of Atlanticomnium’s Investment Committee since 2016. From 2012 to 2016, he performed a wide variety of tasks including bond research and assisting with the management and administration of the funds.
Patrick holds a BSc in management from the University of Lausanne (HEC) and an MSc in finance from the University of Geneva (HEC).
HEAD OF RESEARCH
Prior to joining Atlanticomnium in September 2018, Romain Miginiac was a Credit Analyst at Aberdeen Standard Investments in Edinburgh from 2016.
He was a lead analyst covering a wide range of banks and insurers. He also worked at KPMG and UBS in Geneva. Romain is a CFA® charterholder.