Investment Objective
The investment objective of the fund is to achieve consistent absolute returns on its assets. The fund has a broad and flexible investment approach to achieving its investment objective. The AE Fund will invest primarily in European equities, with a focus on Italian investments using a fundamental value and bottom-up approach. The investment strategies employed may encompass, among other things, any or all of the following strategies: directional long or short positions with or without a catalyst; long/short equity pairs with or without a catalyst; capital structure arbitrage; risk arbitrage; share class arbitrage; company holding discounts; and relative- and fundamental-value. Short positions can only be implemented via financial derivatives.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.7 | 0.2 | 0.2 | 0.2 | 0.7 | 0.5 | 1.0 | 0.8 | 0.8 | 0.7 | 0.7 | 0.4 | 0.2 | |
| 2024 | 0.7 | 0.5 | 0.5 | 0.5 | 0.8 | 0.3 | 0.7 | 0.0 | 0.4 | 0.5 | 0.0 | 0.0 | 0.8 |
