Eleva Absolute Return Europe
CLASS R EUR
Absolute return approach by a multi-awarded European equity manager. (soft closed since September 30th 2019)
Fundamental and disciplined European stock-picking long/short fund complemented by a macroeconomic overlay to support sector positioning. The fund’s objective is to reach an absolute return of 8 to 10% on average p.a. through a market cycle, with a volatility of 4 to 7%. It is run by multi-awarded manager Eric Bendahan and his team, with a similar approach to that of the ELEVA European Selection fund (soft-closed). The short book, which is made up of equities and indices, acts as protection as well as performance-driver. The net exposure can vary between -10% and +50% driven by fundamental idea generation and market volatility.
CEO & Founder, Portfolio Manager
Partner & Deputy Portfolio Manager
Potentially lower rewards
Potentially higher rewards
Historical monthly returns (in %)
Figures based on month-end NAVs
Statistics (in %) as of 31 aug 2023
All figures based on month-end NAVs. Risk data calculated since inception.
|Fund type||Luxembourg SICAV – UCITS V|
|Income Treatment||Accumulation / Distribution (according to classes)|
|Launch date||30 Dec 2015|
|Available currencies||EUR, USD, GBP, CHF, SGD (hedged & unhedged)|
|Manager||ELEVA Capital SAS
|Quotation (NAV calculation)||Daily (business days)|
|Administrator||HSBC France, Luxembourg Branch|
|Subscription/Redemption||Same day, cut-off 12:00 CET|
|Management fee||1% p.a. for classes R and I
2% p.a. for classes A1
|Performance fee||20% p.a. (HHWM)|
|Min. initial investment||Classes R and A1 : None
Class I : EUR1 mio or equivalent
|Commercial fees (entry/exit)||By agreement : Max 3% entry / 0% exit|
|Custodian bank||HSBC France, Luxembourg Branch|
|Swiss legal representative||Société Générale Securities Services|
|Registration for distribution||AT, BE, CH, DE, DK, ES, FI, FR, GB, IT, IS, LU, NL, NO, SE|
ELEVA CAPITAL LATEST NEWS
INVITATION - October 10th 2023 Prosper invites you to meet in Geneva Ingrid Pfyffer-Edelfelt Co-Fund Manager (with Diane Bruno and Quentin Hoareau) ofAGENDATuesday, October 10th, 2023 Breakfast presentation8.15 : Coffee8.30 : Presentation9.30 : Q&A ...
INVITATION - September 12th and 14th, 2023 Prosper invites shareholders of ELEVA European SelectionELEVA Euroland SelectionELEVA Absolute Return Europe to join us on a webinar hosted by Eric Bendahan Founder, CEO of ELEVA Capital & Fund Manager ...
INVITATION - March 14th 2023 Prosper invites you to meet in Geneva Eric Bendahan CEO & Founder of ELEVA Capital & Fund Manager of AGENDATuesday, March 14th Breakfast presentation8.00 : Coffee8.15 : Presentation9.15 : Q&A Lunch...
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.
Wish to be informed ahead of the crowd through our emails?
Sign up to participate in the next events & presentations.