Ardtur European Focus Absolute Return

Investment Objective

The Odey European Focus Absolute Return Fund is a directional European equity long/short strategy which aims to provide positive absolute returns independent of market conditions over the medium to long term. The fund is a concentrated strategy with between 20-60 positions in large and medium capitalisation companies in developed Europe. The fund targets alpha generation from both long and short stock selection.

Reference Index

MSCI Daily TR Net Europe Index

Latest Meeting Note

Meeting Note 09 Nov 2018

A dynamic long/short equity fund focused on large and medium capitalisation companies in developed Europe managed using a bottom-up, value-driven investment process. The fund employs a concentrated and often contrarian strategy with typi... Read more

A dynamic long/short equity fund focused on large and medium capitalisation companies in developed Europe managed using a bottom-up, value-driven investment process. The fund employs a concentrated and often contrarian strategy with typically 20-60 positions. The investment universe comprises of c.700 European large/mid-cap companies with a market capitalisation of >$1bn. The top 10 positions generally account for 50% of NAV. Encouragingly, performance has improved materially this year which could mark a turnaround for the fund.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.6 0.2 0.1 0.6 0.6 0.7 0.5 1.0 0.7 0.8 0.6 0.8 0.5
2022 0.1 0.1 0.2 0.3 0.2 0.5 0.0 0.4 0.6 0.2 0.0 0.5 0.5

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Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.