Boussard & Gavaudan Absolute Return

Investment Objective

BG Absolute Return is a multi-asset investment fund focusing on European market special situations. The source of its performance lies in the combination of a financial instrument with the most value in the structure of the capital for a given issuer and of an event affecting this structure and changing its value into performance. Such examples of those events are M&A operations, debt-equity arbitrage via share buy-back, discount restructuring, etc.

Latest Meeting Note

Meeting note 11 Oct 2017

We met with Emmanuel Gavaudan to discuss the BG Absolute Return fund. At a high level the firm combines deep fundamental analysis with derivative based trade implementation to drive asymmetric returns from positions. The firm employs an ... Read more

We met with Emmanuel Gavaudan to discuss the BG Absolute Return fund. At a high level the firm combines deep fundamental analysis with derivative based trade implementation to drive asymmetric returns from positions. The firm employs an event driven mindset looking to identify and exploit mispriced securities where a catalyst exists to drive value. The fund is managed by an Investment Committee who leverage the analysts and traders at BG for idea generation.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.7 1.0 0.3 0.4 0.8 0.3 0.7 0.5 0.7 0.2 0.9 0.5 0.3
2022 0.6 0.1 0.8 0.7 0.6 0.7 0.7 0.5 0.0 1.0 0.7 0.4 0.3

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