Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.
If you are a fixed income fund selector, sign up here to receive more exclusive content.

The European bond managers you need to know

Citywire Investment Research uncovers a quartet of investors rising up the ratings.

Market Overview

This month Citywire pays particular attention to bond managers making a name for themselves across Europe’s various fixed income sub-sectors. A total of 187 managers have been awarded a Citywire rating based on their three year, risk-adjusted performance.

Of this, 108 are Citywire + rated, 45 have earned an A-rating, 27 managers have been awarded AA-ratings and there are 7 managers with a Citywire AAA-rating. The following sectors are included in European Bonds asset class:

  • Bonds – Euro
  • Bonds – Europe
  • Bonds – EuroZone
  • Bonds - Euro Short Term
  • Bonds - Eurozone Short Term
  • Bonds - Eurozone Medium Term
  • Bonds - Euro Medium Term
  • Bonds - Eurozone Long Term

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Highest New Entrant

Fund manager: Romal Cardoza, EdRAM

Fund: EdR Prifund Unconstrained Bonds

Citywire rating: + rated

Overview

Romal Cardoza entered the ratings on his debut this month with a Citywire + based on his strong three year risk-adjusted performance. Cardoza is lead portfolio manager on EdR Prifund Unconstrained Bonds and has been managing the fund since September 2014.

This Luxembourg -domiciled fund aims to produce a positive returns independently of the market environment. Mainly invests in all types of bonds and also use derivatives for hedging purposes. Over the past three years, Cardoza has beaten the average manager performance, having returned 8.76 % against a peer return of 4.62% in euro terms.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Comeback Star

Fund manager: Franz Schardax, Spaengler

Fund: Spaengler IQAM Invest

Citywire rating: + rated

Overview

Being rated by Citywire back in July 2012, Franz Schardax has now come back to ratings this month with a + rating being awarded. Schardax works at Spaengler IQAM Invest and covers Euro bonds, global bonds and balanced mandates. He has earned his + rating for his performance on Spaengler IQAM SparTrust fund that he was managing since November 2008.

The fund invests in euro-denominated bonds, money market instruments of domestic issuers and more than 35% of the fund issued by the Republic of Austria invested debt. The duration is actively managed and sits between one and 9 years. Schardax has outperformed the 4.62 % of average manager return in Bonds - Euro sector, returning 6.52 % over the three years period in euro term.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

One to Watch

Fund manager: Mauro Valle, Generali Investments

Fund: Generali IS Euro Bond A Dis EUR

Citywire rating: AAA rated

Overview

Trieste-based Mauro Valle has been working for Generali Investments since 2000. Valle sits among the managers with the best risk-adjusted performance this month, with a manager ratio of 0.96 over the past three years. This outperformance is reflected in his rating and, for the past five months, he has been consistently AAA-rating.

Valle’s achievement is based on performance of the Generali IS Euro Bond A Dis EUR fund, which he has run since April 2002. During this time he has returned 12.49% against the average manager performance of 5.82% in Bonds – EuroZone sector in euro terms. The fund invests in debt securities denominated in euro with an investment grade credit rating as well as in government bonds.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Rising Star

Fund manager: Eve Tournier, Pimco

Fund: PIMCO GIS Euro Income Bond

Citywire rating: AA-rated

Overview

Pimco’s Eve Tournier is head of pan-European credit portfolio management and a managing director in the company’s London office. She has been a lead manager of the PIMCO GIS Euro Income Bond since February 2013. This fund offers actively managed and diversified strategy and invests in euro-denominated, investment grade bonds with an average duration of one to eight years.

According to most recent fund’s factsheet the biggest Spanish Govt Bd (Bonos y Oblig) 2.6%, Rabobank Nederland SCN Regs 1.4%, FCE Bank plc SR Unsec EMTN%. Over Tournier’s tenure on the fund, it has returned 24.73 % in euro terms, which compares to a return of 16.06% by the average manager in the Bonds - Euro sector over the five year timeframe.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Franz Schardax
Franz Schardax
244/271 in Bonds - US Dollar (Performance over 3 years) Average Total Return: 1.94%
Eve Tournier
Eve Tournier
28/396 in Bonds - US Dollar (Performance over 1 year) Average Total Return: 7.45%
Mauro Valle
Mauro Valle
9/112 in Bonds - EuroZone (Performance over 3 years) Average Total Return: 13.60%
Romal Cardoza
Romal Cardoza
34/260 in Bonds - Euro (Performance over 3 years) Average Total Return: 9.39%
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016