Funds Reports
Atlantic Bond Fund - August 2025 Report
Welcome to the Atlantic Bond Fund August Report, available for download below.
Hi all,
In its second full month, the Fund posted a modest -0.11% decline as long-term yields edged higher and weighed on duration-sensitive holdings. The portfolio remains anchored in Portuguese corporate debt, complemented by Eurozone and international exposures, with gold continuing to provide a stabilizing hedge. The strategy stays focused on capital preservation and steady income, particularly for investors seeking a safe and stable Golden Visa path.
Highlights:
Performance: Fund down -0.11%; since inception +0.11%.
Portuguese Debt: Broadly resilient (+1bp); REN −11bps offset by Fidelidade +3bps.
Euro Debt: Short-duration IG bonds added (+1bp); HY slightly negative (−1bp).
International Debt: Mixed; AT1 bonds (+2bps), EM debt (−2bps), EUR-hedged EM bonds (+6bps).
Gold: Contributed +3bps, up +2.17% (EUR) on safe-haven flows.
New Position: Added Banco BPI to Portuguese allocation, strengthening domestic credit exposure.
The Fund remains positioned to navigate rate volatility, while gold and diversified credit exposures continue to balance stability with selective opportunities.
Best regards,
Nuno Serafim
Month Report ABF - August 2025
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Nuno Serafim
Managing Partner
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Nuno is an experienced financial executive with broad experience in the Asset Management industry, being board member of IMGA, where he served as Chief investment Officer, overseeing €3.4B of AuM before he founded 3 Comma Capital, together with Robert and Patrick Hable in 2022.
