Investing with Gryphon Capital

Institutional Investors

GCI has worked on behalf of institutional investors since our origins in 2014. Today we manage segregated mandates for some of Australia’s and United Kingdom’s largest institutional investors – comprising insurance companies, superannuation funds and money managers.

GCI offer three specialist fixed income strategies, to suit the different requirements of our institutional investors. We manage via segregated accounts so we may provide a bespoke partnership model where we tailor the investment parameters considering investment return volatility, rating requirements, duration limits, and asset class preferences.


Investment Objective:

The strategy aims to deliver strong risk adjusted returns by investing in a high conviction portfolio of highly rated Australian Residential Mortgage-Backed Securities and other Asset-Backed Securities with a strong focus on capital preservation.

Investment Universe:

The segregated accounts may invest in, but are not limited to:

  • Residential Mortgage-Backed Securities
  • Asset-Backed Securities
  • Commercial Mortgage-Backed Securities
  • Cash and cash-related instruments
  • All currencies but non-AUD must be hedged to AUD
  • Derivatives only used for hedging purposes

Investment Parameters:

  • Average Portfolio Credit Rating: AAA
  • Minimum Credit Rating: AA
  • Volatility Limit: < 1.0% annualised
  • Duration limit: < 0.1 years (100% floating rate or hedged back to floating)

Net Investment Returns:

30 September 2018

1 Mth 3 Mth 1 Year 3 Year 5 Year Since Inception1
Net Performance (After Fees) 0.27% 0.84% 4.15% 4.07% 4.19% 5.53%
Relative Return 0.12% 0.33% 2.24% 2.09% 1.96% 2.30%

Returns are calculated net of fees. Inception date December 2009.


Investment Objective

The strategy aims to deliver strong risk adjusted returns by investing in a high conviction portfolio of Investment Grade Australian Residential Mortgage-Backed Securities and other Asset-Backed Securities with a focus on capital preservation.

Application

Institutional investors whose credit policy restricts their investments to Investment Grade Credit including Superannuation Funds etc.

Investment Universe

The segregated accounts may invest in, but are not limited to:

  • Residential Mortgage-Backed Securities
  • Asset-Backed Securities
  • Commercial Mortgage-Backed Securities
  • Cash and cash-related instruments
  • All currencies but non-AUD must be hedged to AUD
  • Derivatives only used for hedging purposes

Investment Parameters

  • Average Portfolio Credit Rating: AA
  • Minimum Credit Rating: BBB
  • Volatility Limit: < 1.5% annualised
  • Duration limit: < 0.1 years (100% floating rate or hedged back to floating)

Net Investment Returns:

30 September 2018

1 Mth 3 Mth 1 Year 3 Year 5 Year Since Inception1
Net Performance After Fees 0.54% 1.10% 4.65% 5.02%
Relative Return 0.38%

0.58%

2.73% 3.15%

1 Returns are calculated net of fees. Inception date September 2016.


Investment Objective

The strategy aims to deliver in excess of 5% above the floating rate Bank Bill rate by investing in less liquid, higher yielding portfolio of Australian Residential Mortgage-Backed Securities with a strong focus on capital preservation.

Investment Universe

The segregated accounts may invest in, but are not limited to:

  • Public and privately issued Residential Mortgage-Backed Securities
  • Cash and cash-related instruments
  • All currencies but non AUD must be hedged to AUD
  • Derivatives only used for hedging purposes

Investment Parameters: 

  • Average Portfolio Credit Rating: BB
  • Minimum Credit Rating: Not Rated
  • Volatility Limit: < 2.0% annualised
  • Duration limit: < 0.1 years (100% floating rate or hedged back to floating)

Net Investment Returns:

30 September 2018 1 Mth 3 Mth 1 Year  3 Year 5 Year Since Inception1

Net Performance (After Fees)

0.69% 1.58% 6.53% 7.46% 6.82%
Relative Return 0.53% 1.06% 4.58% 5.41% 4.75%

1 Returns are calculated net of fees. Inception date April 2015.