Ambienta X Alpha

Investment Objective

The aim of the Ambienta X Alpha Fund is to leverage the existing Ambienta’s in-house research team know-how on Environmental Sustainability (“ES”) and gain differentiated exposure to the theme. The manager employs a disciplined and uncompromising fundamental bottom-up investment research process, leading to a high conviction, concentrated portfolio of Core Longs and Core Shorts positions. The Fund invests in companies which are driven or affected by sustainability.

Latest Meeting Note

Meeting 07 Oct 2020

The Ambienta X Alpha Fund is ran by Fabio Pecce (ex Man GLG) and is able to leverage Ambienta’s existing in-house research team expertise on Environmental Sustainability to develop a differentiated exposure to the theme. The manager empl... Read more

The Ambienta X Alpha Fund is ran by Fabio Pecce (ex Man GLG) and is able to leverage Ambienta’s existing in-house research team expertise on Environmental Sustainability to develop a differentiated exposure to the theme. The manager employs a fundamental bottom-up investment research process, leading to a high conviction, concentrated portfolio of core long and short positions. Environmental Sustainability is a key driver of the investment strategy and is embedded in the manager’s portfolio selection process, acting as a powerful engine for idea generation. Furthermore, the internal ‘Sustainability & Strategy’ team use a proprietary three-tier sustainability scoring system allowing close monitoring of positions to the environmental theme. The investment universe is narrowed according to the following process: Approx. 5000 sustainable companies known to Ambienta, 1000 of which are publicly listed. Geographical and liquidity considerations are then applied and a focus list of around 125 companies is identified. Based on fundamental analysis and tangible competitive advantage a portfolio of approximately 25 long positions (typically have a strong competitive advantage and well positioned to capitalise on trends in sustainability) is constructed while short positions (c. 25) are selected based on sustainability disruption or by identifying “green-washed” companies with catalyst drivers, with both sides of the book taking into account risk and liquidity considerations.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 0.7 1.0 0.0 0.3 0.5 0.1 0.6 0.1 0.9 0.4 1.0 0.9 0.1
2019 0.5 0.5 0.4 0.1 0.1 0.5 0.9 0.9 0.4 0.5 0.4 0.6 0.1

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Close 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.