Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Laffitte Funds Laffitte Risk Arbitrage Ucits EUR-I

Ranked 11 out of 22 in - Event Driven over 12 months
All calculations are in EUR unless stated

Managed by

Gabriel Teodorescu

Gabriel Teodorescu joined CIC in 2000 to develop their basket trading operations in Northern Europe and their merger arbitrage strategy in the US. Teodorescu has 22 years of experience, and started his career as a risk analyst at Société Générale. A year later he was promoted and started trading interest rate swaps and emerging market bonds for the same entity. Teodorescu graduated with a Masters in Finance from Paris Sorbonne University.

Objective

The investment universe is made up of announced mergers either in Europe or North America. Filters in terms of capitalization and liquidity are applied.The sub-funds objective is to achieve a performance un-correlated to equity markets with a volatility level below 5. The objective of the management team is to obtain an absolute performance by using different arbitrage strategies, mainly alternatives described below. The performance of the sub-fund is not assessed in relation to the evolution of a benchmark. However, the performance may be compared ex-post to the yearly capitalized EONIA for units quoted in Euro.The sub-funds objective is to implement arbitrage strategies by using an approach based on three main principles: a fundamental analysis linked to a statistical-probabilistic analysis and an optimization of the portfolios allocation based on the risk/reward of each position.

Showing fund performance in Singapore View performance globally

Performance

Event Driven over : 30/06/2017 - 30/06/2018
  • Rank 11/22 Total Return
  • Rank 9/22 Standard Deviation
  • Rank 10/22 Max Drawdown
Fund Name Currency Loss
8 MS PSAM Global Event UCITS I EUR Acc EUR

-2.1%

9 MLIS Ramius Merger Arbitrage UCITS EUR D Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.2%

10 Laffitte Funds Laffitte Risk Arbitrage Ucits EUR-I EUR

-2.3%

11 Lutetia Merger Arbitrage Fund I EUR acc EUR

-2.6%

12 Candriam Risk Arbitrage C EUR

-2.7%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -1.1% 1.1%
2017 -0.2% -0.3% 0.3% -0.1% -0.1%
2016 1.6% 1.2% 0.4% 0.6% -0.6%
2015 6.6% 2.6% 1.0% -0.6% 3.4%
2014 1.3% 0.8% 1.9% -1.9% 0.6%
2013 2.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. France
  3. Luxembourg

Fund Info

  • Launch date02/10/2017
  • Share Class size192Mn
  • Base currencyEUR
  • ISIN LU1602251818

Purchase Info

  • Min. initial investment150,000
  • Min. regular additional investment0

Charges

  • Initial investment0.00%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).