Investment Objective
Bantleon Event Driven Equities focuses on traditional risk arbitrage and other corporate event driven opportunities, mainly in Europe and in North America. The team applies a fundamental approach seeking to identify companies where a defined corporate catalyst or event can unlock value. The portfolio is typically split across three sub-strategies: risk arbitrage (40-80% of NAV, mainly merger arbitrage and SPAC arbitrage), relative value (10-30% of NAV, mainly holding discounts, share class arbitrage) and special situations (10-30% of NAV). The fund’s allocation process is dynamic to reflect the prevailing opportunity set in each phase of the economic cycle. The portfolio is typically made up of 60-80 situations, with a bias towards Europe.
Latest Meeting Note
Meeting 15 Sep 2020
Bantleon Event Driven Equities invests in a broad range of company-specific situations ranging from hard catalyst, post-event situations such as merger arb and squeeze-outs to softer-catalyst pre-event opportunities such as spin-offs and... Read more
Bantleon Event Driven Equities invests in a broad range of company-specific situations ranging from hard catalyst, post-event situations such as merger arb and squeeze-outs to softer-catalyst pre-event opportunities such as spin-offs and shareholder activism (a core expertise, particularly across European mid-caps), as well as relative value trades that arise from temporary market inefficiencies.The fund’s allocation process is dynamic in nature to reflect the prevailing opportunity set in each phase of the economic cycle. These allocations take place within pre-defined ranges, where the largest bulk of risk is allocated towards merger arb positions (40-80% of total). The remainder of the portfolio includes Relative Value trades (10-30%) and Special Situations (10-30%). The fund invests in equity and equity-related securities (no credit) globally, with a focus on Europe and North America.The portfolio is run by Oliver Scharping (ex. Sterling Strategic Value, Altana Wealth), who joined Bantleon in 2018.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0.0 | 1.0 | 0.7 | 0.0 | 0.4 | 0.3 | 0.6 | 0.1 | 0.3 | 0.6 | 0.8 | 0.2 | 0.8 | |
| 2021 | 0.5 | 0.1 | 0.9 | 1.0 | 0.1 | 0.9 | 0.5 | 0.3 | 0.4 | 0.3 | 0.8 | 0.9 | 0.9 |
