Investment Objective
The Investment Manager will seek to identify companies that have or are expected to undergo a corporate event such as a change to their corporate structure and will seek to profit from pricing dislocations brought about by such corporate events. The Investment Manager will undertake a fundamental analysis of companies and such analysis will include; daily screening of information in the public domain to include, but not exclusively, publications and research reports of financial analysts and trade specialists, meetings with company management, legal advice and analysis of the shareholder structure of a particular company.
Latest Meeting Note
Meeting 07 Jun 2023
An active trading approach to European Event Driven Equity with the fund predominantly following merger arbitrage and catalyst driven strategies. This trading approach has a three-tiered methodology designed to capture additional alpha f... Read more
An active trading approach to European Event Driven Equity with the fund predominantly following merger arbitrage and catalyst driven strategies. This trading approach has a three-tiered methodology designed to capture additional alpha for every position. Trades are structured with the intention of embedding optionality and favorably skewing risk while the team frequently question their investment thesis and conduct fundamental in-house research with the understanding that company specialists may know more. The PM and his team are not wedded to any positions and do not believe they have the ‘information edge’, therefore, they regularly consult the market through deep local broker relationships and industry specialists. They are constantly looking for trades with fundamental value, and situations with the possibility of counter bids and bump catalysts and try to avoid the ‘home run’ mentality. The portfolio typically consists of 40-60 positions with a net exposure of up to 50% and gross of between 100% and 200%
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0.0 | 0.9 | 0.6 | 0.8 | 0.2 | 0.8 | 0.7 | 0.3 | 0.9 | 0.5 | 0.5 | 0.9 | 0.4 | |
| 2021 | 0.7 | 0.2 | 0.5 | 0.3 | 0.1 | 0.8 | 1.0 | 1.0 | 0.9 | 0.5 | 0.0 | 0.5 | 0.4 |
