In keeping with our mandate, we have delivered attractive risk adjusted returns since 1998. This period has spanned the crushing stockmarket bear market of 2000-2003 and the subsequent bull market, as well as the financial crisis of 2007-2009. Even with the difficulties associated with the massive deleveraging of 2008, which caused every investment management methodology to be tested to the limit, we have generated returns of around 4% per annum more than cash deposits after all fees during an 11 year period (approaching 8% per annum) when equities have generated a total return of around zero. Just as importantly, this has been achieved with lower volatility than any asset class.
We manage portfolios in all major currencies and, with our global perspective, have delivered the same, impressive results for our private and institutional clients regardless of their preferred currency of investment.
Risk management is integral to our process. One of the foundations of our approach is that consistency of return and the minimisation of losses will ensure that our portfolios will outperform all the major asset classes. We may not outperform any individual asset class over a short time horizon but our diversified, multi-asset class approach has stood the test of time with a higher return than any asset class, and with the lowest volatility.
An examination of the risk / return relationship in our portfolios demonstrates that our proven methodology and disciplined investment process extract market volatility and thus deliver the central objective of our philosophy: the creation of alpha returns.
This document is provided for informational purposes only to intended recipients and does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. The investments referred to may not be suitable for the specific investment objectives, financial situation or individual needs of recipients and should not be relied upon in substitution of the exercise of independent judgment. The information and any opinions have been obtained from or are based on sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Neither the Directors of the Corazon Capital Limited, Corazon Fund Management Limited, Corazon Capital (Suisse) SA, neither their officers or directors, shall be liable for any damages of any kind, including lost profits, arising in any way from this material. The value of investments and the income derived from them may and does fluctuate according to market conditions and you may not receive back the amount originally invested. Past performance is not necessarily a reliable indicator of future performance. Currency movements may adversely as well as positively affect the value of investments. Quoted Corazon Capital historical performance data is calculated in compliance with the requirements of GIPS calculation methodology and relates to a composite of representative portfolios with the objective of long term capital appreciation managed by Corazon Capital Limited and Corazon Fund Management Limited. Quoted hedge fund performance relates to the CSFB Tremont Hedge Fund Index (HEDGNAV Index), equity performance relates to the MSCI Global Equity Index (MSDUWI Index), bond performance relates to the JP Morgan Global Government Bond Index (JPMGGLBL Index), and cash is represented by 3 month USD LIBOR rates (US0003M Index). The balanced benchmark is a composite index equally weighted to the equity and fixed interest indices. Data source: Corazon / Bloomberg.