Summary
Multi-strategy event-driven fund which aims to be market neutral and to deliver uncorrelated returns. The fund invests using bottom-up fundamental research combined with extensive derivatives and trading expertise. Returns are generated around corporate events and arbitrage. The fund invests across the capital structure with capital dynamically allocated to the best ideas through the corporate cycle. Investments are classified across three main types: equity, credit and volatility.
Investment backed by strong convictions
Management objectives
The fund aims to deliver positive absolute returns throughout the corporate cycle, regardless of market direction. The fund aims to be market neutral, delivering limited beta, low volatility and low correlation to traditional asset classes. The fund aims to deliver steady long term growth, balancing selective risk-taking with preservation of capital.
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| Inception Date | 17 November 2014 |
|---|---|
| ISIN Code Z-Share | LU1063708694 |
| Ticker Bloomberg | BGARZEA LX Equity |
| Currency | EUR |
| Other available currencies | USD, GBP, CHF, SEK |
| Liquidity | Daily |
| Cut off for transactions | 10.00 am (Luxembourg) |
| Minimum subscription | 1 million |
| PEA (Plan d'épargne en actions) | Non eligible |
| Subscription fee | Up to 3% |
| Redemption fee | None |
| Management fee | 1% |
| Performance fee | 10% |
NAV1,137.84 EUR
WTD 0.6 %
MTD 0.97 %
YTD-0.41 %
| 1 Year | 3 years | 5 years |
Since inception (17/11/2014) |
|
|---|---|---|---|---|
| Boussard & Gavaudan Absolute Return | 1.85 % | -2.01 % | 9.7 % | 13.78 % |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD(1) | ITD(2) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.418 | -0.716 | -1.070 | - | - | - | - | - | - | - | - | - | -1.368 | 12.689 |
| 2023 | -2.061 | -0.228 | -2.508 | 1.293 | -1.334 | 1.217 | -1.279 | 1.494 | 0.515 | -1.893 | 3.547 | 0.128 | -1.278 | 14.252 |
| 2022 | -2.777 | 0.045 | -1.040 | 1.931 | -1.605 | -0.481 | -3.892 | 4.894 | -1.394 | -0.438 | -1.779 | 1.946 | -4.787 | 15.731 |
| 2021 | -0.892 | -0.456 | -0.759 | 2.924 | -1.760 | 0.551 | -0.073 | 1.182 | 0.845 | 2.662 | 1.234 | -0.158 | 5.316 | 21.549 |
| 2020 | 1.075 | 2.141 | -10.610 | 3.815 | 1.885 | 1.492 | 0.617 | -0.879 | 0.746 | 1.171 | 3.752 | 1.612 | 6.167 | 15.414 |
| 2019 | -0.655 | -0.568 | 0.617 | -0.746 | 1.216 | 0.311 | 1.707 | 1.930 | -1.229 | -0.825 | 1.544 | 0.350 | 3.644 | 8.71 |
| 2018 | 0.533 | 0.942 | -1.259 | -0.783 | 0.003 | -0.409 | -2.424 | 0.336 | 0.780 | -2.035 | -1.130 | -0.442 | -5.79 | 4.888 |
| 2017 | 0.032 | 1.474 | 0.051 | 2.022 | 0.846 | 0.188 | -0.008 | -0.192 | -0.713 | -1.080 | -0.487 | 0.496 | 2.62 | 11.338 |
| 2016 | -0.880 | 2.012 | 1.427 | 0.457 | 1.835 | -0.718 | 1.467 | 0.142 | 0.290 | -1.104 | -1.009 | 0.832 | 4.78 | 8.498 |
| 2015 | 2.201 | 0.930 | -0.573 | 0.897 | 2.025 | -1.890 | 2.346 | -0.155 | -1.660 | -0.222 | -1.385 | 1.003 | 3.45 | 3.548 |
| 2014 | - | - | - | - | - | - | - | - | - | - | 0.571 | -0.469 | 0.1 | 0.099 |
(1) YTD = Aggregate return for the year to date
(2) ITD = Aggregate return from inception to date
Risk warning: Past performance is no guide to future performance. The value of holdings may fall as well as rise and investors may not get back their initial investment. Performance displayed is net of fees with income reinvested and is calculated on a NAV to NAV basis. Performance data is estimated and unaudited.
If the currency in which the past performance is displayed differs from the currency of the country in which you reside, due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
Source: Bloomberg, Boussard & Gavaudan.
