A unique fund-of-funds providing a single point of access to a portfolio of VAM Funds (Lux) Funds
The VAM Fund is a unique global equity fund managed by Rivers Capital Management (“Rivers”), a team of experienced multi-asset specialists and portfolio managers based in London.
The Fund employs an earnings growth momentum investment style, in pursuit of long-term capital appreciation. With real infrastructure assets in the portfolio the risk is lower than a traditional equity fund-of-funds.
The majority of the Fund’s exposure is to Driehaus Capital Management’s active management approach which is designed to generate growth by investing in companies that have reached a significant positive turning point in their growth and earnings. Driehaus believes that markets tend to misprice the stocks of such companies and this tends to follow predictable and exploitable patterns.
Driehaus is unique in that its investment professionals have spent decades working together in the same team, focused on identifying company-specific, positive turning points and exploiting the subsequent investment opportunities. The Driehaus Fund captures the combined expertise of seven portfolio managers, three assistant portfolio managers, nine analysts, two risk professional and six traders.
The Foresight Capital Management team has focus primarily on the renewable energy infrastructure space. Its multinational and multidisciplinary, award-winning 100+ strong team is guided by a strong ESG ethos and operates out of four international offices.
The VAM Fund is structured as a fund-of-funds. The Fund is not designed to track a specific index or benchmark. The portfolio managers provide the investment management of all the underlying funds and Rivers manages the asset allocation of the overall Fund. Each of the underlying funds maintains a high active share relative to its respective benchmark (the approach is benchmark-aware but not benchmark-constrained or managed to any index).
The Fund has a higher exposure to growth equity, emerging markets equity, real infrastructure assets and smaller sized companies relative to broad benchmarks. The Fund remains fully invested (other than in exceptional circumstances) to maximise long-term capital growth.
The Fund is exceptionally well diversified and is currently invested into over 500 stocks across more than 45 countries.
A rigorous risk management process supports portfolio construction by quantifying exposures, sensitivities and potential outcomes to minimise unintended risks.
- Launched on 2nd July 2007
- Over 80% allocation to a specialist US institutional investment manager (Driehaus)
- Exposure to Foresight’s leading infrastructure capability as a diversifier
- Unique global equity fund, not managed to a benchmark
- Time-tested earnings growth momentum management style
- High active share relative to respective benchmarks
- Increased diversification with independent allocation (<20%)
- Luxembourg-domiciled UCITS V fund
- Fully liquid, daily dealing
- Available in USD, GBP and EUR