Eric Sturdza and Constantin Sturdza – co-portfolio managers of the Sturdza Family Fund (the « Fund ») team – have both been awarded the Citywire Fund Manager « A » rating³. The Citywire Fund Manager Ratings measure performance across all the funds run by a given manager.
This news is in addition to our recent announcement regarding the Sturdza Family Fund’s recognition from Morningstar, awarding the Fund a 5-star rating for the SI class and 4-star rating for the A and B share classes for their risk / reward profile1; as well as a 5 Globe Sustainability rating2 putting the Fund in the top 10% of all Fund’s within its peer group.
The Citywire Manager Ratio that is used to determine a manager’s eligibility for a rating is based on the Information Ratio, with both the manager’s monthly results and the benchmark returns taken in the same currency as that specified for each sector. In order to receive a Manager Ratio, the manager must have been active against a benchmark at the beginning (or before the beginning) of the period and against the same benchmark at the end of the period under review. They must also have been active for 7/9 (77.8%) of the period. The Citywire Rating is based on the ranking of managers by their Manager Ratios (across all sectors). The database is split into two pools based on those who have a positive Manager Ratio and those with a Manager Ratio of zero and below. Managers with a positive Manager Ratio are then split into four tiers, ranging from AAA to +4.
Andy Fish, Managing Director of Eric Sturdza Investments commenting on the ratings stated:
“Given that the Sturdza Family Fund reached its third anniversary in December 2021, Eric and Constantin Sturdza, as the Co-Portfolio Managers of the Fund became eligible for consideration, as such we are delighted by the further recognition of the risk-adjusted returns the team have delivered to our investors since inception.“
The Fund is managed by a team of six experienced and complementary managers: Eric Vanraes, Pascal Perrone, David Haynal, Marc Craquelin, led by Eric and Constantin Sturdza. Further details regarding the team, their respective experience and responsibilities towards the Fund can be viewed here.
The team operate closely together in the management of the Fund, however, the allocation of roles and responsibilities is clearly defined. The Fund’s achievements and recent recognitions are a credit to the team as a whole and reflective of the depth of knowledge, experience and contribution that each individual brings to the team.
Commenting on Citywire’s rating Constantin Sturdza stated:
“First and foremost, we would like to thank our clients for their trust. These past three years have been rocked by powerful and sometimes unpredictable events, and I am proud that our strategy, based on long-term principles of value creation, has so far delivered on its ambitions. Going forward, we look to continuously enhance our approach and adapt to an evolving investment landscape, in order to serve our clients in a unique way – and by so doing, maintaining a total alignment of interest as cornerstone investors ourselves. I would like to take this opportunity on behalf of Eric Sturdza and myself to express our personal thanks to the entire team for their dedication and unrelenting hard work; which has been instrumental in making the Fund a success”.
As always, we invite investors and prospective investors, to contact us should you wish to receive any additional information regarding the Sturdza Family Fund.
+44 1481 742380
1 Source of Rating: Morningstar. Rating provided for the defined share class. A high rating alone is an insufficient basis for an investment decision. Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred, due to currency fluctuations. Please refer to the following link for more information about the methodology of calculation: https://esi.fund/?ODI4MDE.
2 Morningstar Sustainability Rating breakpoints: 5 High (highest 10%), 4 Above Average (next 22.5%), 3 Average (next 35%), 2 Below Average (next 22.5%) and 1 Low (lowest 10%)
Source & Disclaimer of Awards: © 2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For more information please press here. The Sturdza Family Fund B USD Class received a 5 Globe Morningstar Sustainability Award as of 31/10/2021, out of 2,890 Flexible Allocation funds as of 31/10/2021, based on 100.00% of AUM. Historical Sustainability Score as of 30/09/2021. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone is an insufficient basis for an investment decision. Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred, due to currency fluctuations.
3 Source & Copyright: Citywire. Eric and Constantin Sturdza are Citywire A-rated by Citywire for their 3-year risk-adjusted performance for the period 31 December 2018 – 31 December 2021.
4 For further details regarding Citywire’s methodology and selection criteria please refer to: https://www.citywire.co.uk/Publications/WEB_Resources/AKG_Citywire_Global_Ratings_Report_April_2020.pdf
General Disclaimer: Performance figures do not take into account commissions, costs incurred on the issue and redemption, or local taxes. Please note that performance figures, reference benchmarks and asset allocation are provided for information purposes only.
Copyright: Morgan Stanley Capital International, Inc. 2022. All Rights Reserved. Unpublished. PROPRIETARY TO MORGAN STANLEY CAPITAL INTERNATIONAL INC. The blended returns are calculated by E.I. Sturdza Strategic Management Limited using end of day index level values licensed from MSCI (« MSCI Data »). For the avoidance of doubt, MSCI is not the benchmark « administrator » for, or a « contributor », « submitter » or « supervised contributor » to, the blended returns and the MSCI Data is not considered a « contribution » or « submission » in relation to the blended returns, as those terms may be defined in any rules, laws, regulations, legislation or international standards. MSCI data is provided « AS IS » without warranty or liability and no copying or distribution is permitted. MSCI does not make any representation regarding the advisability of any investment or strategy and does not sponsor, promote, issue, sell or otherwise recommend or endorse any investment strategy, including any financial products or strategies based on, tracking or otherwise utilising and MSCI Data, models, analytics or other materials or information. Bloomberg® and Bloomberg US Aggregate Gov/Credit Total Return Value Unhedged USD are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by E.I. Sturdza Strategic Management Limited (EISSML). Bloomberg is not affiliated with EISSML, and Bloomberg does not approve, endorse, review, or recommend the Sturdza Family Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Sturdza Family Fund.