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NN (L) Global Convertible Opps I Cap USD

Ranked 4 out of 144 in - Convertibles Global over 12 months
All calculations are in USD unless stated

Managed by

Ivan Nikolov

Ivan joined the convertible bonds team at NNIP in London in 2015 as a Senior Portfolio Manager. Prior to that Ivan was a convertibles investment manager at Aberdeen Asset Management in London, jointly responsible for the AGII European Convertibles Bond Fund. Previously, Ivan worked at KNG Securities in London where he traded European and Asian convertibles with their institutional clients and carried out credit research. Ivan started his career at Pine River Capital Management where he helped managing European and Asian CB arbitrage hedge funds and a global tail risk hedging product. Ivan has an MA (Hons) in Economics and Management from Oxford University and is a CFA charterholder.

Tarek Saber

Tarek Saber joined NN Investment Partners at the end of November 2014, and currently leads the convertible bond business. Prior to this he worked for KKR as part of Avoca Capital. Before joining Avoca, he was at ABP/APG where he set up and managed the €6 billion corporate opportunity strategy fund which consisted of investments in convertible bonds and equity linked instruments. He was also joint head of private equity and was chairman of the supervisory board at IMQubator, a seeding vehicle created by ABP/APG. Before this, he spent seventeen years in investment banking as global head of convertible bonds at HSBC Investment Bank and as head of European convertible bonds and global head of global depository receipts trading at Schroder Securities. Earlier in his career, he also worked at NatWest Markets Ltd and Prudential-Bache Securities and in the manufacturing industry.

Jasper van Ingen

Jasper van Ingen joined NN Investment Partners at the end of November 2014 as senior portfolio manager convertible bond strategies. Prior to this he worked for KKR as part of Avoca Capital. Before joining Avoca, he was at ABP/APG where he co-managed the €6 billion corporate opportunity strategy fund which consisted of investments in convertible bonds and equity linked instruments.

Adam Vari

Objective

The Sub-Fund invests mainly in convertible bonds and equity linked securities issued by companies in all sectors globally. The Sub-Fund's investments, which include for a substantial proportion below investment grade and unrated bonds, are based on in-depth corporate analysis whereby the Sub-Fund seeks to anticipate both negative and positive developments in the companies financial and business strength, including its ability to meets its debt obligations. This Sub-Fund aims to beat the performance of the benchmark Thomson Reuters Convertible Bond Global Focus Index (USD hedged).

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Convertibles Global over : 30/09/2017 - 30/09/2018
  • Rank 4/144 Total Return
  • Rank 11/144 Standard Deviation
  • Rank 3/144 Max Drawdown
Fund Name Currency Risk
9 UBAM Convertibles 10-40 Opportunites AHC (USD)

Currency exposure is hedged

Currency exposure is hedged

USD

2.6

10 UBAM Global 10-40 Convertible Bond AHC USD

Currency exposure is hedged

Currency exposure is hedged

USD

2.7

11 NN (L) Global Convertible Opps I Cap USD USD

2.8

12 Diversified Growth Company Convert & Credit A USD USD

2.8

13 Dynasty SICAV Dynasty Global Convertibles A USD C USD

2.9

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 2.5% 1.8% 1.9%
2017 6.5% 2.1% 0.4% 1.9% 1.9%
2016 4.7% -0.5% 0.2% 4.0% 0.9%
2015 0.0% 0.0% -0.9% -0.9% 1.8%
2014 6.4% 2.8% 2.8% -1.1% 1.9%
2013 19.8% 6.9% 0.9% 6.0% 4.8%
2012 1.4% 2.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/05/2018

Top 10 Holdings

Stock Size
EUR/USD Forward Contract 56.86%
USD/JPY Forward Contract 14.49%
GBP/USD Forward Contract 7.33%
Bred Banque Populaire SA Time/Term Deposit 6.89%
Siemens Financieringsmaatschappij NV 1.650% 16-Aug-2019 6.12%
Sony Corp 0.000% 30-Sep-2022 5.56%
Booking Holdings Inc 0.900% 15-Sep-2021 4.67%
Kunlun Energy Company Ltd 1.625% 25-Jul-2019 3.77%
Banco Santander SA Time/Term Deposit 3.67%
RAG Stiftung 0.000% 18-Feb-2021 3.65%
31/05/2018

Registered For Sale In

  1. Chile
  2. Finland
  3. Germany
  4. Hungary
  5. Italy
  6. Korea
  7. Luxembourg
  8. Netherlands
  9. Norway
  10. Singapore
  11. Sweden
  12. Switzerland
  13. United Kingdom

Fund Info

  • Launch date01/04/2015
  • Share Class size285Mn
  • Base currencyEUR
  • ISIN LU1165177442

Purchase Info

  • Min. initial investment250,000
  • Min. regular additional investment0

Charges

  • Annual management0.72%

Related News

NN Investment Partners bolsters converts unit with new recruit

Dutch group strengthens team with new appointment and assigns him to work alongside department head on global fund.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).