Fulcrum Diversified Absolute Return Fund (DAR OZ)
A diversifying portfolio targeting absolute returns in all market conditions.
investment objectives
investing
Introduction
The Fulcrum Diversified Absolute Return Fund has been designed to help our clients generate medium to long-term (3-5 years) returns that are significantly higher than cash and inflation. The strategies include investing globally in traditional asset classes, such as equities and bonds, as well as a wide variety of uncorrelated return streams. Investments are strictly limited to highly liquid instruments so that our clients can access their capital when they need it. Beyond investment, risk management is central to our approach. Specifically, we seek to limit volatility and performance drawdowns to realistic and acceptable levels so that clients can maintain an appropriately long investment horizon and avoid common behavioural mistakes that stem from unexpected volatility.
Investment Universe
Equities
- Developed Markets
- Emerging Markets
- Themes
Fixed Income
- Developed Markets
- Emerging Markets
- Credit
Currencies
- Developed Markets
- Emerging Markets
Commodities
- Energy
- Industrials
- Materials
- Metals
- Precious Metals
Diversifying Strategies
- Trend
- Carry
- Risk Premia
investing
Key Differentiators
- Quality and Stability of Team: we are an experienced and stable team that has worked together for nearly two decades
- Repeatable Process: we follow a robust and dynamic investment process that is not reliant on luck
- Performance Focus: we have delivered strong risk-adjusted returns with a low correlation to equities
- Portfolio Breadth: our approach is highly diversified across strategies, time horizons, asset classes and geographies
- Effective Risk Management: our risk-management process seeks to deliver return asymmetry
- Culture of Excellence: we are at the knowledge frontier in all areas that impact our investment strategies
Investment Philosophy
- Preventing Losses: We place the highest priority on preventing losses, with a permanent insurance overlay to help protect against extreme losses
- Consistency: We follow a disciplined investment process which is highly diversified across strategies, time horizons and asset classes
- Research-driven Approach: Our investment process is guided by economic theory and backed by empirical research
- Motivated by Long-term Success: This determines the way we investment for our clients and in the growth of our business
Investment Process
Three Building Blocks
Consistency
Breadth
Academic Rigour
Multidisciplinary
Responsible Investment
We strive to integrate Responsible Investing wherever it is possible to make a meaningful difference. In the case of this fund, this naturally leads us to our equity investments, a significant portion of which are in climate-aligned companies. Tackling climate change is a strategic focus for our firm and we leverage our growing capability in this area, including responsible stewardship and direct engagement with the companies we own as well as indirect, collaborative engagement through industry groups.
Please see our latest DAR Sustainability Report, which summarises our Responsible Investment voting, carbon footprint and proprietary investment scores.
Collaborating
Leveraging Fulcrum Capabilities
Our investment approach is rooted in academic rigour and analytical tenacity. To achieve our aims, we leverage the full suite of capabilities available at the firm.
Macro &
Multi-Asset
Risk Premia
Alternative
Solutions
Thematic
Equities
The Team
Fulcrum’s Senior Investment Team is responsible for setting the investment strategy and they are supported by a team of economists, strategists and analysts who regularly assess the economic environment, market valuations, behavioural biases and the political landscape.
Contact Us
If you have any questions, do contact us and we would be happy to have a chat.
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