Annualised Alpha Target:
Investment Process Characteristics:
- Sufficient resources to cover the Pan-European issuer universe.
- Based on in-depth credit research.
- Repeatable process that has been tested in different market environments.
- Risk should be sufficiently diversified across countries, sectors and issuers.
- The main driver of performance will be credit risk.
- Duration risk will be a smaller contributor to performance.
- 3 year live performance record as of 31 October 2022 in either a fund or composite format. (Strict requirement).
- Demonstrate that your active management approach generates better risk adjusted returns than a pure passive approach.
- Outperformance of the index is welcome, but it is not a prerequisite for participation. We will focus on your risk-adjusted returns, not just alpha.