Annual Review 2025
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Tom May
CEO & CIO
Welcome to the Atlantic House Investments Annual Review 2025
The past year has been one where we have been reminded again of both the challenge and the opportunity of pursuing predictability in investment management. The challenge is that when equity markets soar, with the United States for example delivering close to a 30% return, it is easy to lose faith in investments that deliver steady and predictable outcomes.
The opportunity is that such unusually strong years also bring their own anxieties. We enter 2025 with much talk of markets at ‘all-time highs’. This can spook anxious investors and lead them to make poor market timing decisions. For us whether markets are rising or falling we retain our belief that the key to helping investors stay invested for the long-term is managing their expectations, offering predictable and definable outcomes that help them plan better for their own futures.
It is gratifying therefore that this has been a year where our range of products have performed in line with our expectations, and we hope those of our clients.
None of us really knows what 2025 will bring. There is more than enough uncertainty in the world to lead us to believe that there will be bumps along the road.
We hope that our focus on relentlessly pursuing predictability will provide you with the tools to meet the moment in 2025 and deliver the outcomes your clients seek.
Thank you to all our clients for your support over the past year and we wish you a happy and prosperous 2025.
CAPITAL AT RISK
2024 Fund Reviews
The AHI Defined Returns Funds
“Defined Returns Fund continues to deliver on its stated targeted return of 7-8% while maintaining the ability to offer significantly lower drawdowns and volatility compared to equity markets.”
2024 marks the Fund’s 11th anniversary, delivering a steady annualised return of 7.13% since 2013. Year-to-date, the Fund is up 7.12%, providing investors with predictable returns, lower volatility, and smaller drawdowns compared to equities. This review highlights key performance drivers, portfolio activity, and the outlook for 2025.
The AHI Uncorrelated Strategies Fund
"Since launch, the Fund has delivered an annualised total return of 4%, with a correlation of just 0.08 to equities and -0.32 to bonds."
The Uncorrelated Strategies Fund has navigated a challenging year, whilst staying true to its objective of delivering uncorrelated returns. Fund Manager Tom Boyle reflects on the drivers of performance and outlook for the Fund.
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The inflation whisperer on 2025
"Inflation will be a source of significant uncertainty in portfolios in the years ahead. This in our view only exacerbates the profound importance of multi-asset investors focusing on judicious duration management."
Predicting inflation is challenging due to a vast array of economic, demographic and market factors that affect inflation rates. As we head into 2025, inflation remains uncertain, influenced by wages, policy, and global disruptions. Mark Greenwod, Deputy CIO & Head of Investment Risk at Atlantic House Investments, examines how insights from derivatives markets, can help investors navigate these risks.