2 Feb 2012
The SEB Prime Solutions-Fusion LIBOR+ 800 Currency UCITS Fund (Fusion LIBOR+ 800 UCITS) was the top-performing fund on the SEB Prime Solutions UCITS platform in 2011, delivering a net return of 1.75% for the year and a year-to-date (YTD) return of 2% (as of 30 January 2012).
Other leading indices closed 2011 with negative returns, including Barclay Hedge Fund UCITS Index (-8.7%), Eureka Hedge UCITS Hedge Fund Index (-8.2%) and UCITS Alternative Index FX (-4.2%).
Kirill Ilinski, managing partner and chief investment officer, said: “We are delighted to have topped the performance charts with our UCITS fund in 2011. Our LIBOR+ strategy has been delivering strong returns for investors since 2009, beating LIBOR every year since inception. When we replicated the strategy as a UCITS fund a year ago, we were confident that it would continue to deliver.”
Fusion LIBOR+ is a systematic FX intelligent carry strategy which is based on quantitative analysis of FX and interest rate dynamics and overlaid with a volatility forecasting system. Fusion offers this strategy as a UCITS investment, in off-shore fund format and via managed account investment at a range of target returns (LIBOR+ 100 to LIBOR+ 2000) depending on the requirements of the investor. Anton Zherebtsov, head of portfolio management “We describe Fusion LIBOR+ as ‘intelligent carry’. It is suitable for institutional and retail clients looking to maximise returns on their cash balances. The strategy has minimal credit risk and offers daily liquidity – so it is ideally suited to the UCITS wrapper.”
