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H2O Barry Active Value

H2O Barry Active Value taps value from market shocks and combines two beliefs :

1. due to the global deleveraging imposed by regulators, systemic risks are much less probable. Banks are more robust individually, and therefore the banking system much more resilient. As a consequence, the one risk investors in H2O Barry Active Value face, namely that of a 2008-like deep and global financial crisis, seems to us extremely limited;

2. the drop in liquidity, especially the one offered by banks following the severe decrease in their balance sheet allocated to Global Markets Business, explains the higher frequency of market shocks and their rapid recoveries.

The Fund’s objective is to outperform by 5% per year the daily compounded EONIA (Euro Overnight Index Average).

  • H2O Barry Active Value is a Sub-fund of H2O Global Strategies, an Irish Collective Asset-Management Vehicle (ICAV), governed by the Irish Central Bank.
  • The asset management company is H2O AM LLP.
  • The custodian and administrator are CACEIS Ireland Limited & Caceis Bank Luxembourg, respectively.
  • The fund qualifies as a UCITS 4.
  • H2O Barry Active Value will be managed within the limit of a VaR(99%, 20 days) of maximum 20% per year of the Net Asset Value of the Fund.
  • In other words, the Fund’s VaR budget will be calculated daily using a one-tailed 99% confidence level, a 20-day holding period, and an historical period of no be less than one year unless a shorter period is justified.

The fund is exposed to three asset classes: bonds, equities and currencies.

  • Average duration bracket: [-15;+15]
  • Average gross commitment: [100%; 1200%]
  • Max % Emerging countries with no rating restrictions: 100%
  • Max % Mortgage Backed Securities & in Asset Backed Securities: 20%
  • Max % Asset Backed Securities: 10%
  • Max % non-Investment Grade securities: 100%
     
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H2O Barry Active Value EONIA Capitalisé H-N (C) GBP - IE00BYVMJ057 ---
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H-I (C) GBP - IE00BYVMHT06 ---
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H (C) GBP - IE00BYVMHP67 ---
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H-R (C) GBP - IE00BYVMHK13 ---
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