Waha EM Credit Fund

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The Fund is an absolute return, long/short fund that invests in both sovereign and corporate emerging market credit; with a regional focus on Central and Eastern Europe, Middle East and Africa (CEEMEA).

The Waha EM Credit Fund was established in 2012. It is the Fund with the longest track record at Waha Capital. The Fund targets an absolute return throughout market cycles and primarily invests in hard currency fixed income instruments from Emerging Market corporate and sovereign credits in the Central and Eastern Europe, the Middle East and Africa (CEEMEA) region.

With decades of combined investment experience, our team of highly skilled and seasoned professionals actively manage this Fund. The Waha EM Credit Fund employs a long/short strategy that aims to minimise the risk and volatility but also takes advantage of market price dislocations on the short and/or long side.

Our strategy combines a top-down global macroeconomic view as well as a bottom-up individual company analysis with a valuation overlay to implement relative value trades that are actively managed on a daily basis. We ensure that the fund substantially hedges our interest rate risks and FX exposure back to USD to focus on identifying relative value in credit.

Total Return Performance

Returns 1 M 3 M 1 Yr YTD Annualized SI1 Cumulative SI2
Fund (Net) 0.9% 4.4% 21.6% 16.9% 10.4% 256.3%
Index1 -1.7% 2.4% 18.2% 6.8% 3.9% 63.1%

Calendar Year Performance

Returns 2018 2019 2020 2021 2022 2023
Fund (Net) 3.8% 15.5% 14.9% 7.2% 1.8% 9.5%
Index1 -4.3% 15.0% 5.2% -1.8% -17.8% 11.1%
Returns 2012 2013 2014 2015 2016 2017
Fund (Net) 27.9% 4.9% -0.4% 7.0% 15.9% 11.6%
Index1 17.4% -5.25% 7.4% 1.2% 10.1% 10.2%

Data presented is as of 31 October 2024. (1) Please note the reference index not to be used as a benchmark for performance as it is not a direct comparison, source: Bloomberg LLP. (2) Inception date of Fund is 1 Jan 2012.

9.5%

Total Return in 2023

256.3%

Total Return Since Inception

10.4%

Annualised Rate of Return

USD 998.3M

Assets Under Management

Awards

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Global Banking & Finance

2016-09-01

Barclays Hedge Fund Award for Q2 2016 – Waha CEEMEA Fixed Income Fund SP (A)

2017-07-01

Wealth& Finance 2017 Alternative Investment Awards – Best open-Ended Manager & Best Absolute Returned Fund

2017-07-30

Hedge Fund Award 2017- Asset Manager of the year- Abu Dhabi & Best CEEMEA Fixed Income Securities Fund

2019-06-06

Best Emerging Market Debt Fund

2019-10-03

Best Emerging Markets Fund

2019-11-06

Multi-Strategy Credit Fund of the Year

2021-01-01

EMEA – Credit Fund under $1bn

2021-02-01

EMEA – Credit Fund Long Term Performance

Get In Touch

Please call (02)667 7343, or submit your question using the form.