Fund profile: The contrarian bond strategy

Mon Feb 27, 2012

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August 2011 was a tough month for the alternative UCITS industry with the majority of funds reporting negative performance.

But the BayernInvest Bond Global Select Fund, which was down more than 9% that tumultuous month, still ended the year 2.5% up. The strategy, which has total assets under management of $829 million, is one of the oldest alternative UCITS funds and has so far managed to produce an absolute return every year since inception in 2005.

The investment management for the German-domiciled fund is done by Quaesta Capital and BayernInvest is the so-called KAG, or Kapitalanlagegesellschaft, which provides the function of an administrator.

Christian von Strachwitz, chief executive for Frankfurt-based Quaesta, says the firm tries to put the fund in a contrarian position.

He says: "Our perception at the end of July and beginning of August was that were there were increased worries about the eurozone debt crisis and...

ISSN: 2151-1845 / CDC10004H

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