Who are we ?
Experience
The fund directors together have investment experience of more than 75 years.
Joost Olbrechts
0485 93 94 75
Joost Olbrechts worked as a commercial dealer in the dealing room of KBC and as a portfolio manager at Van Lanschot Bankiers.
Nathalie De Rijcke
0468 11 45 03
Nathalie De Rijcke worked as a dealer in the dealing room of KBC, as a fund manager at AXA, and as head of discretionary asset management at Deutsche Bank.
Eric Grenouillet
(352) 26 44 01 70
Eric Grenouillet is, as a mathematician, already many years active in the fund business of Luxemburg.
With their assets, they have always invested in the financial markets.
Commitment
We consider the investors in our fund as partners with the same goal.
That is why each director invests a reasonable amount of their assets in the fund. As such, we guarantee our partners the highest commitment and mutual interests. Furthermore, our most loyal clients (some of whom we have serviced already 20 years) also invest a part of their wealth in this fund.
Complementarity.
Their different backgrounds and qualifications lead to a unique cocktail. They complement each other regarding the micro and macro-economic analysis.
Risk Management
Risk Management takes the central stage.
The heart of our investment process is risk management. We believe that prudent risk management is of the utmost importance to deliver the best results in the long term. Therefore our name refers to our risk policy. The goal is to eliminate the permanent loss of capital. This risk everybody wants to avoid when investing.
Risk Management : "Karakter"
We only invest in high-quality companies we can buy at low valuations.
Risk Management : "Kameleon"
Because (downward) volatility influences human behavior, we need to minimize the fund's volatility to eliminate permanent loss of capital.
Decorrelation.
Inside and between the different asset classes, we continuously monitor the correlation. We aim to decorrelate our investments as much as possible because until now, no asset manager nor economist has been right all the time and in all circumstances. It means we investigate the impact of a new opportunity on the correlation matrix of the fund before we invest.
Low market sensitivity.
Although price-quality is the essential feature of our investment decisions, we accept there are limits to the deviation of the market sensitivity. Therefore, we continuously monitor the bèta inside and between the different asset classes. New investments need to pass the bèta test.
Stop-loss en liquidity.
Because in specific markets, even the most prudent risk controls are not sufficient, we use strict stop-loss procedures for our investments. To guarantee a good execution, we only invest in liquid, mainly exchange-traded, instruments.
Return
Comparison with other funds?
Average return per category since 1st of January 2017 according to Morningstar.
Mixfunds Neutral Worldwide :
Mixfunds Flexible Worldwide :
Karakter Invest Kameleon Fund :
Above returns were measured at January 2, 2018.
Costs
Entrance and exit fees.
We are not charging entrance and exit fees.
Investment through your bank is also possible. You mention the following Isin code LU0852690626. For the execution of your order, the bank may charge you between 0 and 3%.
Warren Buffett.
“In the short run the financial market is a voting machine, in the long run it is a weighing machine.”