Lumyna - PSAM Global Event UCITS

Investment Objective

The Investment objective of the PSAM Global Event UCITS Fund is to seek superior risk adjusted returns by exploiting pricing inefficiencies in the securities of companies involved in corporate actions or events. P. Schoenfeld Asset Management ('PSAM') will seek to achieve the fund investment objective through a diversified portfolio of global event driven investments. Three strategies are considered when investing: Merger Arbitrage, Distresses/Stressed Credit Opportunities and Special Situations. Weightings and allocations among the three strategies are opportunistic and vary depending on where PSAM believe the best risk-reward can be found, subject to portfolio constraints.

Latest Meeting Note

Perfromance Update 18 Jan 2017

Following a standout year in the UCITS in 2013, returns were more lacklustre in 2014 and 2015. One of the key strengths of the fund is its ability to dynamically allocate between the three books depending on the opportunity set and perce... Read more

Following a standout year in the UCITS in 2013, returns were more lacklustre in 2014 and 2015. One of the key strengths of the fund is its ability to dynamically allocate between the three books depending on the opportunity set and perceived risk/reward. In practice this resulted in a relatively high weighting to merger arbitrage situations in 2016 (c.70%) which naturally reduced as deals successfully closed. It is encouraging to see the fund having a strong year in 2016 (+8.4%), thanks largely to the arbitrage book, and latterly the credit special situations allocation.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.2 0.8 0.7 0.2 0.3 0.2 0.6 0.7 0.5 0.7 0.3 0.6 0.8
2022 0.5 0.8 0.7 0.6 0.3 0.8 0.8 0.7 0.9 0.9 0.4 0.6 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.