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.

The fund aims to outperform the yield on 3-year government bonds, represented by BTAN 3.75 January 2012, by at least 3%.

The fund will invest in straight bonds or convertibles that have bond like behaviour with the following characteristics:
• 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.