Summit Sustainable Opportunities L/S Equity Fund

Investment Objective

The Summit Partners Sustainable Opportunities L/S Strategy is designed to achieve long-term capital appreciation and deliver risk-adjusted returns over a market cycle and typically focus on investment opportunities in companies that offer market-driven solutions to global sustainability challenges.

Latest Meeting Note

Meeting 11 Oct 2021

The Summit Sustainable Opportunities L/S fund focuses on investing in companies that offer disruptive, market-driven solutions to global sustainability challenges and seeks to make investments that offer exposure to a broad array of them... Read more

The Summit Sustainable Opportunities L/S fund focuses on investing in companies that offer disruptive, market-driven solutions to global sustainability challenges and seeks to make investments that offer exposure to a broad array of themes and sustainability trends. The strategy takes a long-term and high conviction approach towards a number of themes that drive sustainability such as reduced resource consumption, improved process efficiency, and resource generation/overall waste reduction. The investment process is a mix of top-down thematic research and understanding secular drivers of disruption combined with fundamental, bottom-up analysis aimed at identifying a non-consensus view. Each of the fund’s holdings fall into three exposure categories: core, peripheral or opportunistic, with a rough split of capital across all three. Core represents companies where sustainability-oriented solutions are the principle business, generating more than 50% of revenues. Peripheral generate a meaningful amount of their twelve month trailing revenues from an obvious sustainably oriented activity and opportunistic holdings may not be associated with a specific sustainability product or service. The short books role is multi-faceted and seeks to dampen volatility, minimise portfolio risk and generate alpha through short positions and the use of options. There is typically 30 positions on each side of the book with gross long exposure around 75-100% and gross short exposure 25-50%, leading to an average net exposure around 50%. The strategy has been run in an offshore variation since 2007 and overall strategy assets are just north of $1bn.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 0.9 0.1 0.7 0.7 0.1 0.5 0.3 0.9 0.9 0.4 0.2 0.3 0.9
2019 1.0 0.5 0.6 0.7 0.9 0.7 0.1 0.7 0.5 0.3 0.8 0.2 0.7

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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.