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16 September 2014

Tideway Global Navigator Fund celebrates third anniversary – leading absolute return bond fund rewards investors with healthy return since inception in September 2011

1. 31.86 per cent net of fees return since launch
2. Annualised return of 9.67 per cent
3. Ranks 4^th out of 127 in FE Trustnet offshore absolute return sector
4. Aiming to join IMA absolute return sector later this year

INVESTMENT manager Tideway has celebrated the third birthday of its absolute return bond fund, the Global Navigator Fund, rewarding investors with growth of 31.86 percent since its inception in September 2011.

Over the past 12 months the fund has delivered a return of 5.45 percent, and is up 16.99 percent since September 2012. The annualised return since the fund’s launch is 9.67 percent.

The bond-based fund, managed by Tideway’s Chief Investment Officer, Peter Doherty, currently lies in fourth place out of a total 127 FE Trustnet offshore funds in its absolute return sector.

The fund aims to join the IMA absolute return sector towards the end of 2014; it would have ranked 5^th out of 76 funds in this sector over 3 years.

An investor who put £1,000 into the fund at its launch on 6th September 2011 would now have a holding worth £1,318.60 net of all fees.

 

Figure 1

All data as of 6^th September 2014: Source Tideway

"The Global Navigator Fund has enjoyed a very successful first three years,” said manager Peter Doherty.

“In the past 36 months, returns have exceeded almost all comparable funds, while keeping a focus on risk management and capital preservation at all times.”

Figure 2 illustrates the quality of these returns; achieved at a lower volatility than the sector average and with less than one third of the volatility of the FTSE 100 index which has a risk rating of 100.

Figure 2

All data as of 6^th September 2014: Source Tideway and FE Trustnet

Figure 3

All data as of 6^th September 2014: Source Tideway

 

“The strategy of investing in the subordinated debt of leading insurance companies, major banks, utilities and infrastructure companies has proven to be very sound,” added Doherty.

“As the latest data reflects, the strategy has rewarded investors, and we anticipate being able to deliver returns well ahead of inflation, with limited risk to capital over the next three years,” he said.