MtM by WSP – Janus Henderson Global Equity Market Neutral
16th March 2021
Guest
Steve Johnstone, CFA, Lead Portfolio Manager
About the fund
The fund seeks a low correlation with global equity markets, a low volatility and drawdowns. Strong focus on capital preservation and risk management with disciplined stop-losses to mitigate the downside in adverse scenario.
Pure bottom-up fundamental strategy, the lead Portfolio Manager relies on long / short pair trades ideas provided by 11 in-house PMs within Janus Henderson’s equity division. They are all specialist stock pickers in their field and this framework allows to build a diversified book of trading, blending a range of investment styles, geographies, sectors and market caps.
Top-ranked market neutral strategy with a distinctive framework and proven track record since inception. The fund performed well over the years showing resilience in every extreme stress-tests and participating in the upside as markets recovered. Notably, it proved very resilient to the market turmoil in March 2020 posting a positive return of 0.53% in USD (clean-fee share class).
The fund is flexible, nimble and very actively managed to adapt to different equity markets’ environments. For example, in light of the changing landscape, more cyclicality has been introduced recently into the book which should be beneficiary as economies open up and political pressures start to ease.