OYSTER Absolute Return EUR EUR2, a sub-fund of the OYSTER SICAV registered in the Netherlands, has been ranked best fund in the Netherlands over three years by Lipper in the “Absolute Return EUR Low” category.
The OYSTER SICAV is a Luxembourg domiciled UCITS managed by SYZ Asset Management (Luxembourg) SA. The European Corporate Bonds and Dynamic Allocation funds managed by SYZ Asset Management have also received several awards in Europe in the past years.
In today’s record-low interest rates environment, OYSTER Absolute Return EUR provides investors with a compelling alternative to their bond allocation and offers a low-risk building block in their absolute return portfolio. With a strong focus on risk control, the strategy invests in an allocation of traditional asset classes (cash, bonds, equities, derivatives), as well as in a diversified and liquid alternative investment bucket (maximum 10%). OYSTER Absolute Return EUR has been managed since inception by SYZ Asset Management’s Multi-Asset investment team headed by Fabrizio Quirighetti, responsible for the overall asset allocation and the top-down preferences in the fixed income and equity buckets.
The objective of the fund is to maximise returns within a definite risk budget of 2% monthly VaR (95%) or a targeted volatility below 3.5%, through a dynamic asset allocation. While the overall asset allocation is pretty stable due to tight and disciplined risk budgeting, the buckets are actively managed. The investment approach is comprehensive, transparent, with a focus on liquidity and capital preservation.
“Our absolute return strategy can be seen as an unconstrained bond portfolio with a limited equity “spice”. We have adopted a holistic, pragmatic and opportunistic approach that places the highest emphasis on capital preservation. Our very senior and stable investment team is a strong factor in the consistency of our results,” says Fabrizio Quirighetti, CIO and responsible for the overall asset allocation.
Already well known for its European equities franchise, SYZ Asset Management demonstrates with these awards its strong expertise outside the pure equity universe. Indeed, the European Corporate Bonds and Dynamic Allocation strategies managed by SYZ Asset Management have also received several awards in Europe in the past years.
“We are particularly proud of this award as it recognizes our philosophy of active and opportunistic management focused on performance, across a wide range of high added value strategies,” says Xavier Guillon, CEO of OYSTER Funds.