Fact sheet: ReAssure Morgan StleyDivAlphaPPB Pn

Fund information
Fund name
ReAssure Morgan Stanley Diversified Alpha PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Sergei Parmenovsince 30/06/2011
  • Cyril Moulle-Berteauxsince 30/06/2011
Underlying fund
Morg Stnly Divfd Alp+
Fund objective
The Diversified Alpha Plus Fund’s investment objective is to provide an absolute return while actively managing total portfolio risk. The Investment Adviser seeks to manage downside risk and targets below market volatility. The Fund will seek to achieve its investment objective by investing in baskets of stocks, ETFs, bonds and derivatives.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Specialist
Yield
-
Fund size
£0m
Bid price
0.961
Offer price
1.011
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus40.3%
ReAssure AL NptRu&GtrRus Pn40%
L&G Nep Russia&Gtr Russia Pn39.8%
OMW InvescoPerpetualEmgEurpn34.7%
SIP Sanlam Gbl Fin Pn34.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • Money Market130%
    France2.8%
    Italy2.3%
    Not Specified1.7%
    Spain1.6%
  • Non-Rated58.7%
    AA+19.1%
    AA9.6%
    B-4.5%
    AAA3.6%
  • Money Market130%
    International Equities6.9%
    Commodity & Energy1.7%
    Global Fixed Interest-38.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%0.3%-3.1%---
Sector-2%-0.6%6.3%7.4%19.4%41.4%
Rank within sector7 / 546185 / 544516 / 531---
Quartile1st2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector8.3%2%7.2%11%7.7%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1.02
52 week low0.94
Current bid price0.96
Current offer price1.01
Current mid price-
Region
1Money Market129.98%
2France2.76%
3Italy2.28%
4Not Specified1.72%
5Spain1.62%
6Argentina1.59%
7Greece1.47%
8Ireland1.04%
9Netherlands0.98%
Industry sector
1Non-Rated58.73%
2AA+19.12%
3AA9.6%
4B-4.5%
5AAA3.55%
6BB3.39%
7B2.76%
8B+2.28%
9A2.08%
Asset type
1Money Market129.98%
2International Equities6.89%
3Commodity & Energy1.72%
4Global Fixed Interest-38.58%
Individual holdings
No data available.
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Diversified Alpha Plus Fund’s investment objective is to provide an absolute return while actively managing total portfolio risk. The Investment Adviser seeks to manage downside risk and targets below market volatility. The Fund will seek to achieve its investment objective by investing in baskets of stocks, ETFs, bonds and derivatives.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
Sergei Parmenov30/06/2011Sergei is a senior member of the Global Asset Allocation team at Morgan Stanley Investment Management. He re-joined the firm in 2011 and has 15 years of investment experience. Before returning to Morgan Stanley, Sergei was a founder and manager of Lyncean Capital Management, a macro hedge fund. Between 2003 and 2008, Sergei was an analyst and a portfolio manager at Traxis Partners, a multi-strategy hedge fund. From 2002 to 2003, Sergei was an analyst at a European mid-cap equities hedge fund at J. Rothschild Capital Management in London. Prior to this, he was a vice president in the private equity department of Deutsche Bank and from 1999 to 2001, Sergei was an associate and subsequently vice president at Whitney & Co, focusing on European private equity investments. Sergei started his career in Morgan Stanley Investment Management in 1996. He received a B.A. in economics from Columbia University.
Cyril Moulle-Berteaux30/06/2011Cyril is head of the Global Asset Allocation team at Morgan Stanley Investment Management. He re-joined the firm in 2011 and has 20 years of financial industry experience. Before returning to Morgan Stanley, Cyril was a founding partner and portfolio manager at Traxis Partners, a multi-strategy hedge fund firm. At Traxis Partners, Cyril managed absolute-return portfolios and was responsible for running the firm’s quantitative and fundamental research effort. Prior to co-founding Traxis Partners, in 2003, he was a managing director at MSIM, initially running Asset Allocation Research and ultimately heading the Global Asset Allocation team. Previously, Cyril was an associate at Bankers Trust and worked there from 1991 to 1995 initially in corporate finance and eventually as a derivatives trader in the emerging markets group. He received a B.A. in economics from Harvard University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Morgan Stanley Diversified Alpha PPB Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.961
Offer price1.011
Mid price-
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LL
Data provided by

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