Von Verzerrungen am Corporate-Bondmarkt profitierene-fundresearch.com im Gespräch mit Kevin Corrigan, der mit seinem "LO Funds - Euro BBB-BB Fundamental" durch Investments in Credits, die an der Schwelle zwischen Investment-Grade und High-Yield stehen, gezielt von Marktineffizienzen profitieren möchte. Managers | 19.11.2013 02:00 Uhr
Kevin Corrigan: Since inception December 2010.
e-fundresearch.com: What is the current size of the fund?
Kevin Corrigan: €400 million.
e-fundresearch.com: Do you also manage other funds or mandates?
Kevin Corrigan: Yes.
e-fundresearch.com: What is the total amount of assets you manage currently?
Kevin Corrigan: LOIM manages over €4.1bn in dedicated credit assets. I am responsible for €1.7bn of those assets.
e-fundresearch.com: How long have you been in the business as a fund manager?
Kevin Corrigan: 15 years.
e-fundresearch.com: What are the main steps in your investment process and in which area is your competitive edge to add value to investors?
Kevin Corrigan: We believe in active management and a separate focus on beta and alpha sources of return. Our dedicated investment team identifies opportunities by industry, issuer and issue using fundamental, relative value and technical inputs. Through rigorous risk management we can isolate sources of alpha, and help generate a diversified contribution from each team member. We do not believe in consensus decision making but encourage strong conviction.
e-fundresearch.com: Which benchmark is most relevant and how should investors compare the fund vs. benchmarks or peer groups?
Kevin Corrigan: We manage the fund against a proprietary LOIM benchmark based on fundamentals rather than market cap. Investors should consider a traditional High Grade benchmark as a suitable comparison.
e-fundresearch.com: Which performance did you achieve for the fund YTD and over the past five calendar years in absolute terms and relative to relevant benchmark or other reference indices?
Kevin Corrigan: Relative to a high grade benchmark, we achieved total returns net of fees (I share class) of YTD:0.93% 1yr:0.76% 3yrs: 2.45%.
e-fundresearch.com: What motivates you in your job?
Kevin Corrigan: To challenge traditional concepts in investing and hence provide better long term returns for clients.
e-fundresearch.com: Which other profession would you have considered apart from becoming a fund manager?
Kevin Corrigan: Psychiatry. e-fundresearch.com: Thank You!