Winners Interview with Aquila Asset Management | Lipper Fund Awards 2026 Europe

Why It Matters

The recognition signals that Aquila’s fundamentals‑first, bottom‑up model delivers superior risk‑adjusted returns, encouraging investors to allocate to managers who prioritize credit quality over market cycles.

Key Takeaways

• Aquila uses pure bottom‑up credit selection, avoiding macro forecasts.
• Focus on mispriced credits where fundamentals diverge from market pricing.
• Sticking to fundamentals during 2022‑23 downturn proved costly if ignored.
• Patience and long‑term conviction are core to their investment discipline.
• Lipper award validates Aquila’s value proposition for client capital.

Summary

The Lipper Fund Awards 2026 Europe recognized Aquila Asset Management, prompting an interview that outlined the firm’s investment philosophy and recent accolade.

Aquila’s strategy is strictly bottom‑up, targeting sovereign and corporate credits it believes are mispriced relative to their fundamentals. The team eschews macro or top‑down inputs, instead harvesting the credit risk premium and remaining insulated from short‑term price swings.

As the manager explained, “We don’t do any top‑down decisions, no macro,” and emphasized that the 2022‑23 market downturn tested their conviction. The experience reinforced a “learning patience” mindset, reminding the team not to rush new allocations.

The award validates Aquila’s value proposition, bolstering credibility with existing clients and positioning the firm to attract fresh capital, while underscoring the broader market lesson that disciplined, fundamentals‑driven credit investing can outperform volatile macro‑driven approaches.

Original Description

Interview with Manuel Mondia, Portfolio Manager at Aquila Asset Management, at the Lipper Fund Awards 2026 Europe ceremony.

The LSEG Lipper Fund Awards reflect a truly independent and uncompromised assessment of performance in over 19 countries worldwide. Our legacy is underpinned by LSEG Lipper's acclaimed fund data and proprietary quantitative methodology. Find out more: https://www.lipperfundawards.com/

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