Run by a team of CFA and PhD holding fund managers the Serenitas Capital Credit Gamma Master Fund is centred on dynamic allocations across corporate and mortgage debt securities. With almost half of the portfolio (49.2%) allocated to short duration residential mortgage backed securities (RMBS) the credit gamma master fund delivered strong double digit returns to investors during 2017, according to a letter to investors reviewed by ValueWalk. 1
Specifically, the fund returned 19.24% in 2017, the best year since 2013, and almost doubling the year-on-year performance compared to 2016. Serenitas focusses on delivering absolute returns irrespective of market direction with a relative value credit approach. Additionally, incorporating a low net risk approach to credit spreads and interest rates, has paid off for the Serenitas capital, which is owned by $8 billion manager, LMCG.