Fact sheet: CF Waverton Alternatives II

Fund information
Fund name
CF Waverton Alternatives II B Inc
Fund manager company
Waverton Investment Management
Fund type
OEIC
Fund managers
  • Steven Ifflandsince 24/06/2008
  • James Meesince 07/10/2014
  • Tomislav Satchellsince 24/06/2008
Fund objective
To provide long term capital appreciation through a diversified portfolio of equities, structured products, collective investment schemes, deposits, cash and/or near cash and quoted investment trusts, which may themselves invest in equities and alternative asset classes such as hedge funds, property, private equity funds and commodities, to the extent that these are allowed by the COLL Sourcebook.There will be no particular emphasis on any geographic region or industry sector in the world.
Benchmark
  • BBA Libor 3 Month GBP
Investment style
Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
0.1%
1 Year rank in sector
109/111
Sector
UT Specialist
Yield
0.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.48%
Fund size
£54m (£61m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
22
Mid price
98.95
Top in this sector
Fund name1 Year
Jupiter India52.8%
SF Petrhse Sm Cos Gold49.6%
Neptune Russia & Gtr Rus48.7%
Neptune Latin America43.5%
F&C UK Equity Linked Inflation43.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Hedge60.2%
    Others11.5%
    Property11.4%
    Managed Futures7.1%
    Global Fixed Interest3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.7%0.4%0.1%1.4%4.2%
Sector-0.1%1.6%2.6%17.7%21.7%31.7%
Rank within sector55 / 11280 / 11187 / 111109 / 11193 / 10465 / 85
Quartile2nd3rd4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.3%-3.5%1.8%1.3%3.5%
Sector3%22.7%-4.5%1.2%4.5%
Rank within sector80 / 111109 / 11030 / 10664 / 10251 / 92
Quartile3rd4th2nd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.15
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.07
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.7
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.35
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.79
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.07
Price movement
52 week high101.39
52 week low97.08
Current bid price-
Current offer price-
Current mid price98.95
Region
No data available.
Industry sector
No data available.
Asset type
1Hedge60.2%
2Others11.5%
3Property11.4%
4Managed Futures7.1%
5Global Fixed Interest3.8%
6Commodity & Energy3.2%
7Money Market2.8%
Individual holdings
1OLD MUTUAL UK SPECIALIST EQUITY FUND F8.1%
2JUPITER ABSOLUTE RETURN FUND I ACC7.7%
3PHILEAS LONG/SHORT EUROPE I £ ACC7.4%
4JP MORGAN MULTI-ASSET MACRO ACC GBP7.1%
5MONTLAKE DUNN WMA UCITS FUND £7.1%
6CF ODEY UK ABSOLUTE RETURN6.8%
7JL EQUITY MARKET NEUTRAL FUND 'B' £6.7%
8SPINNAKER EMERGING MARKETS MACRO FUND6.3%
9VERRAZZANO EUROPEAN LONG-SHORT EI £5.6%
Management
Fund manager group
Waverton Investment Management
Fund manager company
Waverton Investment Management
Fund type
OEIC
Fund objective
To provide long term capital appreciation through a diversified portfolio of equities, structured products, collective investment schemes, deposits, cash and/or near cash and quoted investment trusts, which may themselves invest in equities and alternative asset classes such as hedge funds, property, private equity funds and commodities, to the extent that these are allowed by the COLL Sourcebook.There will be no particular emphasis on any geographic region or industry sector in the world.
Benchmark
  • BBA Libor 3 Month GBP
Investment style
Multi Strategy
Investment method
Mixed
Fund managers
NameSinceBiography
Steven Iffland24/06/2008Steven graduated from the University of The Free State in South Africa in 2000 with an honours degree in Business Management and Marketing. Shortly afterwards he joined JOHIM and has gained significant experience over the past 8 years in both senior and quantitative risk management roles. Steven has worked on JOHIM's UK Equity desk and in 2005 took over managing the JOHIM Funds Service portfolios for JOHIM's private clients. He has a Securities Institute Diploma and is a Member of the Securities Institute.
James Mee07/10/2014James joined the company in September 2012 as an Assistant Portfolio Manager for the Managed Portfolio Service Team.  He is now the lead manager of the Waverton Cautious Income Fund and sits on the Macro Research Team contributing macro analysis and reports to the Asset Allocation Committee. James graduated from Bristol University in 2012 with a degree in Law and is a CFA charterholder. In May 2016 he won the WealthBriefing European Rising Star Award.
Tomislav Satchell24/06/2008Tomi graduated from Durham University with a degree in Economic History. He joined Kleinwort Benson Investment Management Ltd in 1986 and after many years in the asset management arena, joined Credit Suisse in 1999 and transferred to JOHIM in 2007. He has a Securities Industry Diploma and is a Director of JOHIM.
Compliance
IA Recognised, Non UCITS Retail Scheme, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
CF Waverton Alternatives II A Inc
Initial charge-
Annual charge1%
Min single investment£25,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.73%
Total expense ratio (TER)2.46%
Bid price-
Offer price-
Mid price100.44
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC8P4
CF Waverton Alternatives II B Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.48%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price98.95
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHZI8
Data provided by

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