Presentation:

In context of the credit crisis, Schelcher Prince created an Investment Fund governed by French law (FCP) on 30 January 2009, named Schelcher Prince Horizon 2012, which aims to invest in high quality corporate bonds to benefit from distressed pricing, yield and a known repayment date.

Since its launch, the fund has achieved a performance of 22.13% as of October 2011. Today, Schelcher Prince Horizon 2012 becomes Schelcher Prince Horizon 2016. Indeed, the current context (European debt crisis, economic downturn, new regulation…) has created genuine opportunities.
The level of spreads is such that it anticipates highly improbable default rates. A large number of quality securities offer annual returns which could equal or exceed 7% on high grade issuances.
The management objective of this fixed maturity fund is to significantly overperform the return of a French State Euro bond maturing 2016, over the life of the recommended investment.
In this purpose, and similarly to Schelcher Prince Horizon 2012, Schelcher Prince Horizon 2016 will invest in ordinary bonds or rate-type convertibles:

• Minimum 80% in bonds rated “Investment Grade” by a major rating agency (Standard & Poor's or equivalent).
• A maximum of 20% in bonds below “Investment Grade” or non-rated, 10% of which can be in securities rated BB-.

The process of selecting securities is a "bottom-up" approach, using in-depth cash flow analysis to determine the capacity of each issuer to meet repayments for the specific maturities of the bonds they have issued.