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H2O Multibonds R

Ranked 8 out of 1091 in - Global over 12 months
All calculations are in EUR unless stated

Managed by

Bruno Crastes

A mathematics graduate from the University of Lyon, and a qualified actuary, Bruno Crastes started his career in finance as a proprietary trader on the global bond markets for Banque Louis Dreyfus in 1988. He began managing global fixed income portfolios at Crédit Agricole Asset Management in 1990 and his quick rise through the ranks at the company saw him appointed head of international fixed income in 1997 following the merger between Indosuez Asset Management and Segespar, the predecessor of CA Asset Management. Crastes was made CIO and deputy CEO of CAAM’s London operation in November 2002. In 2010 he set up H2O Asset Management alongside Vincent Chailley.


The fund seeks to outperform its reference index (JP Morgan Government Bond Index Broad) by 1.6% p.a. over a 3 years recommended investment period. The fund implements a Top Down Global Macro investment strategy. Diversification is the key alpha driver. The performance is driven by the directional and relative value positions of the portfolio manager within a global fixed income investment universe (developed or emerging markets).

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


Global over : 31/12/2014 - 31/12/2015
  • Rank 8/1091 Total Return
  • Rank 1091/1091 Standard Deviation
  • Rank 1085/1091 Max Drawdown
Fund Name Currency Return
6 Marriott Global Income A USD


7 ABSA US Dollar Income B

Currency exposure is hedged

Currency exposure is hedged



8 H2O Multibonds R EUR


9 Old Mutual Global Bond Feeder A ZAR


10 Momentum International Income A USD


Fund Name Currency Risk
1087 PIMCO Total Return Fund Multi-Curr Sel USD (BRL)

Currency exposure is hedged

Currency exposure is hedged





1088 Verde AM Yield FI Divida Externa USD


1090 CFS FC W Inv-CFS W Income

Currency exposure is hedged

Currency exposure is hedged



1091 H2O Multibonds R EUR


Total Return

Quarterly Performance

to 31/12/2015 Annual Q1 Q2 Q3 Q4
2015 17.6% 7.1% -12.1% 21.7% 2.6%
2014 14.2% 9.3% 2.9% 5.3% -3.7%
2013 15.8% -0.2% 6.2% 3.2% 5.9%
2012 40.8% 10.8% -2.2% 16.4% 11.6%
2011 -11.5% 2.6% -4.1% -11.2% 1.3%
2010 -1.8%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. France
  2. Italy
  3. Netherlands
  4. Singapore
  5. Switzerland
  6. United Kingdom

Fund Info

  • Launch date23/08/2010
  • Share Class size638Mn
  • Base currencyEUR
  • ISIN FR0010923375

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0


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Boutique star Crastes plans European expansion in 2014

The Citywire AA-rated manager and founder of H2O AM outlines plans to register his funds across Europe.

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