[et_pb_section fb_built=”1″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/seahawk-investments.com\/lang-en\/wp-content\/uploads\/2026\/05\/Sektortiefe_850b.jpg” title_text=”Sektortiefe_850b – 1″ align=”center” _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
Since the start of the year, the interest rate environment has once again created headwinds for the credit market. Yields temporarily rose by around 45 basis points for 5-year German government bonds and by as much as 60 basis points for 5-year US Treasuries reaching a level that has noticeably put broad high-yield indices under pressure. The currently tight credit spreads in the high-yield segment were unable to act as a buffer during this market phase.<\/p>\n
The iTraxx Crossover (5YR) widened in March from +260 basis points to as much as +360 basis points. The iBoxx EUR High Yield Liquid Index lost around 2 percentage points during this period in a generally turbulent market environment. In contrast, an absolute-return credit fund specializing in the energy and transport sectors proved resilient over the same period thereby delivering roughly half the drawdown in this market phase.<\/p>\n
[\/et_pb_text][et_pb_image src=”https:\/\/seahawk-investments.com\/lang-en\/wp-content\/uploads\/2026\/05\/Cumulative-return-.png” title_text=”Cumulative return (%)” _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]Source: Morningstar Direct<\/em> The investment strategy is based on rigorous bottom-up analysis of issuers exclusively from the transport and energy sectors. Investments are made in secured, unsecured, and subordinated bonds. The effective duration is around 2.4 years, a deliberate design feature that makes the portfolio structurally less sensitive to interest rate movements compared to broader credit markets.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/seahawk-investments.com\/lang-en\/wp-content\/uploads\/2024\/04\/8.png” title_text=”Hubertus Clausius” align=”center” _builder_version=”4.27.6″ _module_preset=”default” width=”47%” max_width=”47%” module_alignment=”center” box_shadow_style=”preset1″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]\u201cMost credit managers diversify across dozens of sectors and thereby lose analytical depth. We know our issuers in the energy and transport space like hardly any other team and this depth is directly reflected in portfolio quality.\u201d Hubertus Clausius, Seahawk Investments GmbH<\/strong><\/em> The results of the current year confirm the approach: in calendar year 2026, the fund achieved outperformance of around 110 basis points versus the iBoxx EUR High Yield Liquid Index. Since inception in November 2024, the cumulative excess return (EUR share class S) amounts to 33 basis points. The portfolio shows a running yield of 7.1%, while the market-weighted coupon, including derivatives stands at 7.6%. The option-adjusted spread is 279 basis points.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/seahawk-investments.com\/lang-en\/wp-content\/uploads\/2024\/04\/8.png” title_text=”Hubertus Clausius” align=”center” _builder_version=”4.27.6″ _module_preset=”default” width=”47%” max_width=”47%” module_alignment=”center” box_shadow_style=”preset1″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]\u201cUltimately, what matters to us is not primarily the absolute level of interest rates, but the cash flow quality behind each bond. In segments such as oilfield services, exploration, and shipping, we find issuers that perform reliably even in an environment of rising rates and geopolitical volatility, that is our primary selection criterion.\u201d Hubertus Clausius, Seahawk Investments GmbH<\/strong><\/em> [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/seahawk-investments.com\/lang-en\/wp-content\/uploads\/2026\/05\/Cumulative-return-1.png” title_text=”Cumulative return (%) (1)” _builder_version=”4.27.6″ _module_preset=”default” custom_margin=”-36px|||||” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]Source: Seahawk Investments, 30.04.2026<\/em> Current portfolio structure and geographic allocation: Geographically, Europe dominates with 62%, followed by North America with 29%, reflecting the geopolitically driven shifts in the global energy market.<\/p>\n The fund\u2019s seeder tranches are available with a minimum investment of EUR 100,000 (ISIN LU2846853427) or USD 125,000 (ISIN LU2846853344). The current fund volume is still below the threshold at which the seeder share classes will be closed. Early investors therefore still have the opportunity to benefit from the preferential terms of this tranche.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Disclaimer<\/strong><\/p>\n This document is a customer information (\u201cCI\u201d) in the sense of the German Securities Trading Act (WpHG). Responsible as the author for the content is the tied agent listed below. This \u201cCI\u201d is used exclusively for information purposes and cannot replace an individual, suitable investment advice. This \u201cCI\u201d does not constitute a contract or any other obligation or kind of contractual offer. Furthermore, the content does not constitute investment advice, an individual investment recommendation, an invitation to subscribe for securities or a declaration of consent, or a solicitation of an agreement on a transaction in financial instruments.<\/p>\n This \u201cCI\u201d is intended only for professional customers and eligible counterparties with a habitual residence or domicile in the EU and has not been written with the intention of giving legal or tax advice. The tax treatment of transactions is dependent on the personal circumstances of the respective customer and may be subject to future changes.<\/p>\n Recommendations and forecasts are non-binding estimates of future events. They can therefore prove to be inaccurate regarding the future development of a product. The information contained in this document is based exclusively on the date on which this \u201cCI\u201d was provided. A guarantee for the actuality and correctness cannot be given. Past performance is not a reliable indicator of future performance.<\/p>\n This information is protected by copyright; no reproduction or commercial use is permitted. Date: May 27th, 2026.<\/p>\n Author\/Issuer: Hubertus Clausius, Seahawk Investments GmbH, Bettinastrasse 62, 60325 Frankfurt am Main, Germany. Investment advice according to section 2 para. 2 no. 4 German Wertpapierinstitutsgesetz (WpIG).<\/p>\n Seahawk Investments GmbH is authorized to provide financial portfolio management, investment advisory services, as well as investment mediation and contract brokering in accordance with Section 15 Paragraph 1 in conjunction with Section 2 Paragraph 2 Nos. 3, 4, 5, and 9 of the WpIG (Securities Institutions Act) and is subject to supervision by the Federal Financial Supervisory Authority (BaFin). Bundesanstalt f\u00fcr Finanzdienstleistungsaufsicht (BaFin) Marie-Curie-Stra\u00dfe 24-28, D-60439 Frankfurt am Main.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Credit investing in energy and transportation Since the start of the year, the interest rate environment has once again created headwinds for the credit market. Yields temporarily rose by around 45 basis points for 5-year German government bonds and by as much as 60 basis points for 5-year US Treasuries reaching a level that has […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1,22],"tags":[],"class_list":["post-7159","post","type-post","status-publish","format-standard","hentry","category-allgemein","category-news"],"yoast_head":"\n
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\nConcentration instead of diversification: the approach at a glance<\/h3>\n
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\nResilient return profile in a challenging environment<\/h3>\n
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\nCurrent portfolio structure and geographic allocation<\/h3>\n
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\nSeeder tranche: window for early investors<\/h3>\n