Research_strapline

Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

SVS Church House Tenax Absolute Return Strategies

Elite Rated by FundCalibre

This is a multi-asset fund, which invests directly in assets, rather than using the fund of fund route. It targets positive returns over rolling 12-month periods and LIBOR +4% over rolling 3-year periods. Positive returns have been achieved in 92% of rolling 12-month periods over the past five years, with an average return of 7% and volatility of just 25% of that of the FTSE All Share index.

Company Description

Church House Investment Management is an independent fund management company founded in 1999 by the current CEO, James Mahon. It is majority-owned by its employees, although the Cayzer Family Trust holds a 20% share of the equity. Church House offer investment management services for private individuals and family groups. The funds are managed in a style that focuses on delivering strong risk-adjusted returns with low levels of volatility.

Factsheet_church_house_logo

Fund Manager

The managers are James Mahon and Jerry Wharton. James is the Chief Executive and Chief Investment Officer of the company and was instrumental in its establishment in 1999. Jerry Wharton is a Director of Church House with a particular involvement in Fixed Interest. During his career he has worked in both the gilt market and as a professional investor in derivatives.

Factsheet_james_mahon

Successful investing is about managing risk, not paying more than good value for assets, and not being afraid to hold cash when you can’t find assets at the right price. That's what we concentrate on in the Tenax Fund.

James Mahon - Fund Manager

The Investment Process

The fund is broadly diversified across the full spectrum of fixed interest securities, equities, property alternatives and cash, with limits on exposure to each. The managers look for low correlation of returns between assets where possible, and low volatility in the fund’s overall value. They are prepared to hold high proportions in cash and other lower-risk assets in pursuit of the fund’s objective.

Risk

The managers view and manage risk in absolute terms, believing the only risk that matters is the risk of an investment falling in value. They also understand that the money they manage belongs to their clients, and they want to see it rise in value.

Our Opinion

A small “boutique” fund run by two very experienced managers, this is an extremely useful portfolio diversifier. The fund is one of the few in the sector that targets an absolute return from diversification and risk management alone. It does not short sell any securities or indices for downside protection.

  • Fund
  • Sector

©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.