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Key documents
Objective
For fund factsheets, please contact us on clientreporting@bluebay.com.
The BlueBay Global Sovereign Opportunities Fund Limited is designed to sovereign issuers, rates and currencies across global markets (including emerging markets), combined with environmental, social and governance (ESG) criteria.
Sustainability-related disclosure
The BlueBay Global Sovereign Opportunities Fund Limited (the Fund) is a discretionary global macro active strategy investing in interest rates, currencies and sovereign credit across global markets (including Emerging Market Countries).
This Fund has no benchmark.
Due to the extensive use of derivatives including, but not limited to, the use of short term interest rate contracts, The BlueBay Global Sovereign Opportunities Fund Limited is only suitable for Financially Sophisticated Investors who can bear the economic risk of the loss of their investment in the fund.
Financially Sophisticated Investor for this purpose means an investor who:
- has knowledge of, and investment experience in, financial markets generally and financial products which invest in securities and/or derivatives with complex features; and
- understands and can evaluate the strategy, characteristics and risks of the strategy in order to make an informed investment decision
Fund specific risks
- At times, the market for investment grade bonds may dry up, which could make it difficult to sell these bonds, or the fund may only be able to sell them at a discount
- There may be cases where an organisation with which we trade assets or derivatives (usually a financial institution such as a bank) may be unable to fulfil its obligations, which could cause losses to the fund
- Investing in emerging market bonds offers you the chance to gain higher returns through growing your capital and generating income. Nevertheless, there is a greater risk that the organization which issued the bond will fail, which would result in a loss of income to the fund along with its initial investment
- RBC BlueBay's ESG analysis can rely on input from external providers. Such data may be inaccurate or incomplete or unavailable and RBC BlueBay could assess the ESG risks of securities held incorrectly
- RBC BlueBay could suffer from a failure of its processes, systems and controls – or from such a failure at an organisation on which we rely in order to deliver our services – which could lead to losses for the fund
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
Investment approach
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Top-down macro thematic conviction is based on deep fundamental country-level research and proprietary on-the-ground policy analysis
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Individual risk exposures are based on well researched medium-term structural investment decisions. Investment Strategy does not rely on short term tactical or technical trading
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Holding periods for positions vary depending on the specific characteristics of the opportunity, but will typically range between one week and several months
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All investment decisions considered for inclusion in the portfolio are logged in the team’s Alpha Decision Tool with a conviction rating score ranging from +3 to -3
Market opportunity
BlueBay Asset Management adopts a team-based approach, with comprehensive involvement of specialists in idea generation, investment decision making and portfolio/risk construction
Portfolio construction is led by Russel Matthews, supported by Mark Dowding (BlueBay's Chief Investment Officer) within a disciplined risk management framework that emphasises liquidity and downside risk mitigation
Russel Matthews
BlueBay Senior Portfolio Manager, Global Macro
Russel is the lead portfolio manager for BlueBay's global macro strategy. He joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in September 2010 as a Portfolio Manager responsible for the firm's European government and aggregate bond portfolios. Prior to BlueBay, Russel worked at Invesco Asset Management from 2000 to 2010, where he was responsible for managing multi-currency global fixed income portfolios for retail and institutional clients. He was also Co-Head of Global Alpha (ex US). Prior to joining Invesco, He worked at Citigroup Asset Management. Russel was born and grew up in Zimbabwe, and attended University in South Africa. He earned a Post Graduate Diploma in Management from the University of Cape Town in 1996 and a Bachelor of Arts degree in Economics and Journalism from Rhodes University in 1995.
Mark Dowding
BlueBay Chief Investment Officer, BlueBay Fixed Income
Mark is Chief Investment Officer for BlueBay fixed income. He has over 30 years' investment experience as a macro fixed income investor and has been a senior BlueBay portfolio manager since he joined in August 2010. As a macro risk taker, Mark actively pursues an open dialogue with policy makers and opinion formers, believing that proprietary research is key to gaining insights to generate strong investment returns. Prior to joining the firm, Mark was Head of Fixed Income in Europe for Deutsche Asset Management, a role he previously occupied at Invesco. He started his career as a fixed income portfolio manager at Morgan Grenfell in 1993 and holds a BSc (Hons) in Economics from the University of Warwick.
A heritage rooted in alternative investments
For over 20 years we have responded to client demand, building a compelling range of long-only investment strategies enhanced by our expertise in derivatives whilst continuing to deliver the highly specialist long-short capabilities of our boutique beginnings.