Constance Alternative Options

Constance Alternative Option

LU1303798349

Class A EUR
100.00 17/11/2017

Multi-awarded market-neutral fund, uncorrelated from traditional investments.

Actively managed market-neutral fund with a discretionary approach, using plain vanilla listed index-based futures and options strategies (on EuroStoxx 50 and volatility indices Vix/Vstoxx). Its objective is to provide positive returns each calendar year, with low volatility of about 2%. Its negative or close to zero correlation to major stock and bond indices matches the fund profile with a defensive stance. The fund presents a compelling sharpe ratio and has been awarded several times thanks to the consistency of its performance.

Olivier
Armangau

Founder & President
Portfolio Manager

Biography

Kambiz
Kazemi

Partner
Portfolio Manager

Biography

Investment Profile
Lower risk
Potentially lower rewards
Higher risk
Potentially higher rewards

Performance

Historical monthly returns (in %)

JanFebMarAprMayJunJulAugSepOctNovDecYTD
20190.3-0.50.1-0.8-0.3-0.3-1.5
2018-0.2-1.10.3-0.70.11.1-1.00.41.0-1.30.8-0.3-0.9
20170.3-0.9-0.2-0.10.20.0-0.3-0.4-1.0-0.5-0.30.2-3.0
20161.61.1-0.6-0.80.10.8-0.30.10.00.00.3-0.32.1
20150.50.10.11.0-0.10.60.3-0.51.5-0.50.7-0.13.6
20140.40.30.80.20.31.40.50.3-0.5-0.50.50.64.3
20130.81.00.30.80.00.7-0.00.40.50.21.0-0.85.0
20120.21.10.91.41.6-0.2-1.4-2.60.50.70.31.33.6
20111.41.01.70.51.00.50.2-7.41.7-0.41.9-0.21.5
2010  1.9*1.7-1.54.26.4

* Since inception (August 31st 2010) to September 30th 2010.
Figures based on month-end NAVs

Statistics (in %) as of 28 jun 2019

PerformanceRisk
1M3M6M1Y3YSince
inception
Annualized
volatility
Max DD
Fund-0.3-1.4-1.5-1.9-5.522.74.0-7.4

First NAV : 31Aug2010 – NAV at inception : EUR 100.
All figures based on month-end NAVs. Risk data calculated since inception.

Past performance does not guarantee nor predict future performance.

Information

Fund type Luxembourg SICAV – UCITS V
Income treatment Accumulation
Launch date 31 Aug 2010
Base currency EUR
Available currencies EUR, USD, CHF
Manager La Financière Constance Inc
www.financiere-constance.com
Quotation (NAV calculation) Daily (business days)
Administrator Société Générale Bank & Trust SA (Luxembourg)
Subscription/Redemption 1 day notice, cut-off T-1 (10am CET)
Management fee 0.85% p.a. for classes I
1% p.a. for classes A
1.25% p.a. for classes B
Performance fee 10% p.a. (HHWM)
Min. initial investissement EUR 1’000 for classes A & B
EUR 100’000 for classes I
Lock-up None
Commercial fees (entry/exit fee) By agreement : Max 2% entry / Max. 2% exit
Custodian bank Société Générale Bank & Trust SA (Luxembourg)
Auditors KPMG (Luxembourg)
Swiss legal representative Hugo Fund Services SA
Registration for distribution LU, FR

CONSTANCE ALTERNATIVE OPTION LATEST NEWS

PROSPER EVENTS

If you wish to meet a manager, get updates on a fund, don’t hesitate to attend Prosper’s events ("Les Rencontres Prosper"). You can now subscribe online.

ELEVA Leaders- Presentation in Geneva, 17 September 2019

SAVE THE DATE - September 17, 2019 Prosper invites you to meet Diane Bruno, co-manager (with Marie Guigou) of ELEVA Leaders Small & Mid Cap Europe fund, upon a lunch presentation in Geneva on September 17, 2019.    Performance 2019 YTD*: +23.0% (vs indice:...

ELEVA Capital – Webinar 19&20 June 2019

INVITATION - June 19&20, 2019 Eric Bendahan, ELEVA Capital CEO and founder, will present a review of 2019 performance thus far for the funds he manages, an update on the portfolios and his thoughts on the current market environment.       Past...

ELEVA Leaders – Webinar 28th May 2019

INVITATION - 28th May 2019 Diane Bruno, co-manager of ELEVA Leaders Small&Mid Cap Europe, will run a conference call (in english). She will present a review of the fund 2019 performance thus far, an update on the portfolio and her thoughts on the current market...

Wish to be informed ahead of the crowd through our emails?

Sign up to participate in the next events & presentations.

Bienvenue sur le site de Prosper Professional Service S.A.

Veuillez sélectionner votre profil d'investisseur :

This website – hereinafter the “Site” – is operated by PROSPER PROFESSIONAL SERVICES S.A. – hereinafter “Prosper”. Prosper is authorized and regulated by FINMA in Switzerland as a Distributor in accordance with CISA and CISO.

Important Information

The content of this Site is primarily for Professional (Qualified, Institutional) Investors; Retail (Private) Investor should ensure that they have selected the correct investor category when entering this Site. Information provided herein is also intended for users in territories where it is permissible for them to access it. Users are solely responsible for verifying that they are legally authorized to consult the information herein.

Local legal restrictions

Access to the Site is prohibited to any person (entity or individual) from a jurisdiction (in particular because of his/her domicile or nationality and in certain because of the type of investor) whose applicable laws and/or regulations prohibit the publication and/or provision of the Site. Persons who are not authorized to access this Site or its content due to their local regulations are requested to leave the Site.

No solicitation/sales restrictions

The information provided on this Site is not intended to be a substitute for the funds’ full documentation. Hence, the information on this Site does not constitute an offer or a recommendation to implement or liquidate an investment or to carry out any other transaction. No information appearing on this Site shall be deemed as a financial, legal, accounting, tax or investment advice or an offer for services or products. It should not be used as sole basis for an investment decision or any other decision. Any investment decision should be based on appropriate professional advice specific to the investor’s needs.

Limitation of liability

Prosper makes every effort to ensure that the information on this Site is accurate and complete at the time of its inclusion. However, Prosper and the investment funds do not guarantee, explicitly or implicitly, that it is accurate, reliable, up-to-date and/or exhaustive. Information and opinions contained in the Site are provided for personal use and informational purposes only and are subject to change at any time without notice. Prosper assumes no responsibility for any direct, indirect loss or consequential loss suffered in connection with use of information contained in this Site.
Products and services described on this Site may be subject to restrictions for some persons and/or in some countries. It is incumbent upon interested persons to take all appropriate steps to ensure that they do not solicit Prosper for products and services which, due to the laws of their native country, or of any other country they may be concerned with, may be forbidden or require special authorization for such persons or for the company.
Under no circumstances shall Prosper and its data suppliers be liable for any damages that may result from the access to or use of, or the inability to access or to use, the Site and its materials.

Investment funds

This Site contains information on investment funds registered and managed in different jurisdictions. It is your responsibility to ascertain that you are authorised to access to investment funds pages.
An investment in investment funds should only be made after having read carefully the official documentation of the fund such as the latest prospectuses, simplified prospectuses or Key Investor Information Documents (KIID), the management regulations, annual and semi-annual reports. These documents may be obtained free of charge from the investment fund representative in the countries of domicile of the funds and/or in the countries in which the funds are registered.

Investment risk

The value of the units of investment funds referred to may fluctuate and investors may not recoup all or part of their original investment. The risk factors are described in the fund prospectuses. Past performance is not an indication or guarantee of the future performance of an investment. The performance shown does not take account of any commissions or costs charged when subscribing to or redeeming units. Changes in foreign-exchange rates may also cause the value of investments to go up or down.

Prohibition of “late trading” or “market timing” practices

The funds described apply a policy of subscriptions, conversion and redemptions by forward pricing. Practices such as “late trading” and “market timing” are not authorized.

Tax Treatment

Tax treatment depends entirely on the financial situation of each investor and may be subject to change. It is recommended that investors obtain the appropriate expert advice before taking any investment decisions.

Use of Cookies

This Site uses cookies to enhance user experience and to collect statistical data. However, if you wish to restrict the cookies, you may generally disable them in your internet browser. Please keep in mind that restricting cookies may impact your experience and the functionality on this Site. By continuing to browse this Site you accept the use of cookies for the above purposes.

Storing and use of your activity on this website

Please note that your activity on this site can be recorded and analysed for security, systems monitoring, management, marketing and compliance with legal and regulatory requirements reasons. Prosper is committed to keep this information adequately secure over a limited period of time.

Data protection (GDPR)

Prosper is not intended to collect nor process your sensitive data except in case of legal and/or regulatory obligation ( mainly for anti-money-laundering and client identification purposes). Personal data will be stored and treated as confidential in compliance with laws and regulations in force. -Data include for instance information that will allow to directly or indirectly identify a natural person, including identification data, personal characteristics, professional and financial data, data related to transactions and investments in the context of our business relation. This data collection aims to meet operational, commercial, legal and regulatory needs. If you have any question, whish to access to your personal data or would like to unsubscribe please contact our data protection manager at team@prosperfunds.ch.

Use of internet links

This Site may direct you to automatic links to other web sites. Use of these links is made at your own risk. Prosper and the investment funds will not have developed, verified the accuracy or scrutinised the data contained in the aforementioned links.

Copyrights and Trademarks

Prosper holds the copyrights to all the works appearing on this Site and documents which may be downloaded. Unless otherwise indicated, the entire Site is protected by copyright. It is forbidden to reproduce (in full or in part), transmit (by electronic or any other means), amend, create a link to or use this Site for any public or commercial purposes without the prior agreement of Prosper.

Laws and Jurisdiction
Use of the Site shall be made subject to the laws of Switzerland, which shall exclusively govern the interpretation, application and effect of all the above conditions of use. The courts of Geneva shall have exclusive jurisdiction over all claims or disputes arising in relation to, out of or in connection with the Site and its use.

In case of discrepancies between the French and the English version of this disclaimer, the French version shall prevail.

s