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H2O Multibonds IUSD

Ranked 769 out of 1109 in - Global over 12 months
All calculations are in USD 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 : 30/09/2015 - 30/09/2016
  • Rank 769/1109 Total Return
  • Rank 1095/1109 Standard Deviation
  • Rank 1060/1109 Max Drawdown

Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 -0.8% -3.1% 4.9%
2015 18.1% 7.4% -12.1% 21.8% 2.8%
2014 14.6% 9.4% 3.0% 5.5% -3.6%
2013 16.3% -0.1% 6.3% 3.3% 6.0%
2012 37.7% 10.2% -1.1% 13.9% 11.0%
2011 -11.2% 2.6% -4.0% -11.1% 1.4%
2010 -1.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

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

Fund Info

  • Launch date23/08/2010
  • Share Class size20Mn
  • Base currencyUSD
  • ISIN FR0010930735

Purchase Info

  • Min. initial investment100,000
  • Min. regular additional investment0


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