Eleva Absolute Return Europe
LU1331973468
CLASS R EUR
100.00 17/11/2017
Absolute return approach by a multi-awarded European equity manager. (soft closed since September 30th 2019)
Fundamental and disciplined European stock-picking long/short fund complemented by a macroeconomic overlay to support sector positioning. The fund’s objective is to reach an absolute return of 8 to 10% on average p.a. through a market cycle, with a volatility of 4 to 7%. It is run by multi-awarded manager Eric Bendahan and his team, with a similar approach to that of the ELEVA European Selection fund (soft-closed). The short book, which is made up of equities and indices, acts as protection as well as performance-driver. The net exposure can vary between -10% and +50% driven by fundamental idea generation and market volatility.
Eric
Bendahan
CEO & Founder, Portfolio Manager
Armand Suchet
D’Albufera
Partner & Deputy Portfolio Manager
Potentially lower rewards
Potentially higher rewards
Performance
Historical monthly returns (in %)
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
2024 | 0.6 | 2.1 | 1.8 | -0.2 | 0.5 | 1.0 | 5.9 | ||||||
2023 | 3.2 | 0.3 | -0.7 | 0.6 | 0.6 | 0.1 | -0.8 | 0.1 | -0.5 | -0.7 | 2.3 | 0.8 | 5.3 |
2022 | -2.2 | -1.1 | 1.0 | 0.1 | -1.6 | -0.5 | 1.7 | -0.6 | -1.1 | 1.2 | 2.1 | -0.2 | -1.2 |
2021 | -0.9 | 1.4 | -0.3 | 0.5 | 0.2 | 0.6 | 1.0 | 0.8 | 0.0 | 1.9 | 0.1 | 1.0 | 6.4 |
2020 | -0.6 | -0.4 | -1.4 | 2.4 | 2.4 | 1.7 | 1.0 | 2.2 | 0.5 | -1.2 | 0.3 | 1.5 | 8.7 |
2019 | 2.7 | 0.8 | 0.4 | 1.3 | -1.5 | 0.3 | 1.2 | 0.8 | -0.5 | 0.6 | 1.7 | 0.5 | 8.5 |
2018 | 1.9 | -1.2 | -0.4 | 0.5 | 2.0 | 1.0 | 0.3 | -0.2 | 1.8 | -2.2 | -1.1 | -1.4 | 0.8 |
2017 | 1.8 | 0.6 | 1.4 | 1.6 | 1.4 | 0.0 | 1.8 | 0.7 | 0.8 | 2.4 | -0.4 | 0.9 | 13.7 |
2016 | -2.7 | -2.2 | -0.2 | -0.8 | 2.0 | -2.5 | 0.3 | -1.0 | 1.7 | 1.1 | -0.7 | 2.4 | -2.7 |
2015 | -0.4* | -0.4 |
Figures based on month-end NAVs
Statistics (in %) as of 28 jun 2024
Performance | Risk | |||||||
1M | 3M | 6M | 1Y | 3Y | Since inception | Annualized volatility | Max DD | |
Fund | 1.0 | 1.3 | 5.9 | 7.2 | 15.6 | 53.7 | 4.4 | -7.0 |
All figures based on month-end NAVs. Risk data calculated since inception.
Information
Fund type | Luxembourg SICAV – UCITS V |
Income Treatment | Accumulation / Distribution (according to classes) |
Launch date | 30 Dec 2015 |
Base currency | EUR |
Available currencies | EUR, USD, GBP, CHF, SGD (hedged & unhedged) |
Manager | ELEVA Capital SAS www.elevacapital.com |
Quotation (NAV calculation) | Daily (business days) |
Administrator | HSBC France, Luxembourg Branch |
Subscription/Redemption | Same day, cut-off 12:00 CET |
Management fee | 1% p.a. for classes R and I 2% p.a. for classes A1 |
Performance fee | 20% p.a. (HHWM) |
Min. initial investment | Classes R and A1 : None Class I : EUR1 mio or equivalent |
Lock-up | None |
Commercial fees (entry/exit) | By agreement : Max 3% entry / 0% exit |
Custodian bank | HSBC France, Luxembourg Branch |
Auditors | PWC (Luxembourg) |
Swiss legal representative | Société Générale Securities Services |
Registration for distribution | AT, BE, CH, DE, DK, ES, FI, FR, GB, IT, IS, LU, NL, NO, SE |
ELEVA CAPITAL LATEST NEWS
ELEVA Leaders – Investir.ch – September 2019
IF YOU WONDER, FOLLOW THE LEADERS ! The article summarizes Diane Bruno presentation upon her last visit in Geneva on September 17th 2019. Publication (FR) - Investir.ch, September 27th 2019Reporting (EN) - August 30th 2019 PROSPER NEWS Get...
ELEVA Leaders- Presentation in Geneva, 17 September 2019
SAVE THE DATE - September 17, 2019 Prosper invites you to meet Diane Bruno, co-manager (with Marie Guigou) of ELEVA Leaders Small & Mid Cap Europe fund, upon a lunch presentation in Geneva on September 17, 2019. Performance 2019 YTD*: +22.2% (vs indice:...
ELEVA Capital – Webinar 19&20 June 2019
INVITATION - June 19&20, 2019 Eric Bendahan, ELEVA Capital CEO and founder, will present a review of 2019 performance thus far for the funds he manages, an update on the portfolios and his thoughts on the current market environment. Past...
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