Fund of the Month December 2015: Oaks Emerging and Frontier Opportunities Fund

Fund Strategy
The strategy of the fund is to invest in a long and short portfolio of equities in frontier and less developed emerging markets. The portfolio is managed bottom-up fundamental, taking advantage of the low levels of quality analysis of these companies to generate absolute performance on both long and short positions.
Asset allocation is determined by bottom-up company valuations rather than by macro views. The investment criteria for the short positions are a mirror of the long portfolio where the fund manager’s analysis is focussed on finding companies with strong management and corporate governance that are geared in to the excess economic growth created by the reform processes that many of these markets are experiencing. The management is always being met before an investment is made, the fund manager builds a financial model of the company and he populates the long portfolio with companies with strong revenue and earnings growth, strong cash-flow and low levels of debt.


Fund Chart

2015_12_chart_Charlemagne_blue


Fund Facts
Inception date: September 25th 2013
AuM: EUR 29m
Sharpe ratio: 0.71
Volatility: 7.6%
1 month performance: 1.8%
3 month performance: 5.4%
12 (or 36) month performance: 3.4%
YTD performance: 5.3%
Ann. perf. since inception: 5.2%
(All data as of September 25th 2015)


Portfolio Manager
Charlemagne Capital is a dedicated Emerging Market Equity fund manager with $2bn of assets under management and 23 analysts focussing exclusively on Emerging and Frontier equity markets. Stefan Bottcher is responsible for the Frontier Markets investments. He has 24 years’ experience of managing money in Emerging Markets and 15 years’ experience of managing long/short portfolios. He has been at Charlemagne for 14 years having previously managed money for Robert Fleming and Schroders.


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