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.
![](https://www.prosperfunds.ch/wp-content/uploads/medium-1.jpg)
Eric
Bendahan
CEO & Founder, Portfolio Manager
![](https://www.prosperfunds.ch/wp-content/uploads/medium-2.jpg)
Armand Suchet
D’Albufera
Partner & Deputy Portfolio Manager
![](https://www.prosperfunds.ch/wp-content/uploads/logo_ELEVA.png)
![](https://www.prosperfunds.ch/wp-content/uploads/B_risque2-300x61.png)
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 – Webinar 28th May 2019
INVITATION - 28th May 2019 Diane Bruno, co-manager of ELEVA Leaders Small&Mid Cap Europe, will run a conference call (in english). She will present a review of the fund 2019 performance thus far, an update on the portfolio and her thoughts on the current market...
ELEVA Capital – Presentation in Geneva, 21 march 2019
INVITATION, 21 March 2019 Prosper invites you to meet ELEVA Capital CEO, upon one of his presentations in Geneva on March 21st, 2019. Rated AAA by Citywire, Eric Bendahan will comment the portfolio positionning of the 3 funds he is managing: ELEVA European...
ELEVA Leaders : New Small & Mid Cap fund launch
Launch of ELEVA Leaders Small & Mid-Cap Europe fund On its last event « Les Rencontres PROSPER », organized on February 7th in Geneva, Prosper presented ELEVA Leaders Small & Mid-Cap Europe, the new strategy developped by ELEVA Capital. Read the...
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