ELEVA Capital in the news - December 15, 2020
ELEVA Capital soft-launches first funds for fixed income team
By Chris Sloley, Citywire Selector – December 15th, 2020
Eric Bendahan’s boutique will be looking to uncover global and European bond opportunities.
Eric Bendahan’s push into fixed income market has started quietly, with Eleva Capital having soft-launched two strategies to grow assets and track record before being exposed to a wider audience, Citywire Selector has learned.
Eleva made the move into bonds at the start of the year with the creation of a specialist fixed income unit, which was formed through hiring Alexandre Melendez from Axa Investment Managers, Laurent Pommier from Groupama and analyst Yann Flambard.
The company had intended to launch two funds over the summer, but instead brought them to market in September. The funds are formally called the Eleva Global Bonds Opportunities and Eleva Euro Bonds Strategies.
Melendez, who is head of fixed income, is named as portfolio manager on both funds, while Pommier serves as deputy portfolio manager.
In the Eleva Global Bonds Opportunities fund, the duo will focus on achieving a positive absolute return over the medium term by investing primarily in international bonds.
They will operate with a top-down philosophy and look at the relative value of issuers. Overall duration is expected to fluctuate between -4 and +10 dependent on market scenarios. The recommended investment horizon for the fund is five years.
The Euro Bond Strategies fund has the same portfolio management team and a similar investment focus, albeit focused on euro-denominated debt. The recommended investment time horizon for this fund is three years.
It is understood the funds are part of a wider plan to diversify Eleva’s expertise beyond equities and had not been aggressively marketed to allow the team to bed in their process.
Publication – Citywire Selector – December 15th, 2020
Disclaimer – The Funds may be distributed in or from Switzerland only to qualified investors as defined under applicable law and regulations. The state of origin of the Fund is France. Regarding the publication of performance data of the Fund it should be noted that the historic performance does not represent an indicator for the current or future performance and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. The Swiss Representative and the Paying Agent is Société Générale, Paris, Zurich Branch, Talacker 50, P.O. Box 5070, CH-8021 Zurich. In respect of the collective investment scheme distributed in and from Switzerland, the place of performance and jurisdiction is at the registered office of the Representative in Switzerland. The prospectus, the key investor information documents (KIID), the management regulation or articles of association as well as the annual and semi-annual reports may be obtained free of charge from the Representative in Switzerland.
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