The Lansdowne Endowment Fund, managed by Martin Friedrich and launched in June 2019, aims to emulate the strategic behaviour of a large, long-term, unconstrained investor capable of withstanding market cycles and making counter-cyclical investments.

This objective is primarily achieved through investments in open-ended UCITS funds that provide exposure to equities, fixed income securities, real estate, commodities, currencies, insurance derivatives, and hedge funds. The investment process is highly structured and includes the following processes:

• Strategic Allocation

• Tactical Allocation

• Manager Selection

• Overlay Management

The fund’s risk target is designed to align with the volatility of the benchmark index, which is composed of 50% global equities and 50% global bonds, as follows:

• 50% MSCI World Net Total Return (in Euro)

• 50% Bloomberg Barclays Global Aggregate Net Total Return, hedged in the currency of the respective share class

The fund offers daily liquidity and aims for a 2-3% gross return above its benchmark.