Strategy & Key Facts

Tosca European Select is European Equity Fund investing in a portfolio of midcap “hidden champions”, a large but under-owned segment of the equity market. The Fund is enhanced by a dynamic capital protection program to provide downside protection in periods of volatility.

Launched in September 2021, the Fund has an absolute return philosophy with around 30 long equity positions alongside a capital protection plan (articulated through options) aimed at minimizing portfolio beta during downturns.

Key Points

• High conviction, long-only Mid Cap equity portfolio with an active risk management overlay to reduce downside risk and volatility

• Adopting an absolute return mindset, the aim is to outperform the broader market over the cycle with lower levels of volatility

• Fundamental value-based investment approach led by Joerg Sponer (CIO, and ex-Partner at Capital Group) and Bobby Vedral (Risk Management and ex-Partner at Goldman Sachs). Both decision makers have a unique human intelligence network (through business and political thought leaders), built over their 25 years’ industry experience

• Active engagement with underlying companies to add value through influence & impact, not just information & insight

• All investments require a tangible value driver and a definable event or catalyst, as well as a public ESG policy and a positive track record through independently verified metrics