Investment Objective
Ellipsis Optimal Solutions - Alternative Hedging is a UCITS implementing a dynamic allocation between Tail Risk and Long Volatility strategies, based on over 15 years of derivatives expertise. The fund targets a positive long-term return with negative correlation to equity markets in periods of stress. It is structured as a long/short portfolio: equity exposure of 80% to 180% (via futures or direct shares) and up to 20% allocated to put options and put spreads on global indices, sectors and single stocks. The strategy aims to deliver +20%/+40% in moderate market downturns (-15%/-20%) and +80%/+100% in extreme scenarios (-40%/-60%), while accepting a range of 0% to -20% in low-volatility or rising equity environments.
Reference Index
Class I (EUR / CHF / USD): compounded €STR / SARON / SOFR + 1.00% Class EB (EUR / CHF / USD): compounded €STR / SARON / SOFR + 1.25% Class R & R2 (EUR / CHF / USD): compounded €STR / SARON / SOFR + 0.50% Class EP-EUR: compounded €STR + 1.50%
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.0 | 0.5 | 0.6 | 0.9 | 0.1 | 0.5 | 0.5 | 0.7 | 0.6 | 0.3 | 0.6 | 1.0 | 0.6 | |
| 2024 | 0.6 | 0.2 | 0.5 | 0.1 | 0.4 | 0.2 | 0.8 | 1.0 | 0.4 | 0.7 | 0.7 | 1.0 | 0.2 |
