Overview

A global equity strategy seeking performance by exploiting what the managers believe are mispriced stocks. 'Short' positions (benefit from an expected fall) are taken in stocks considered over-valued and 'long' positions (benefit from an expected rise) are taken in stocks considered under-valued. The search for mispriced stocks covers developed and emerging markets.

The 'gross exposure' (total of 'longs' and 'shorts') indicates total exposure to markets and is typically 125 to 200% of capital.

The 'net exposure' ('longs' less 'shorts') is a measure of the Fund's exposure to market change and is typically 20 to 40%.

Benefits

An investment strategy that aims to produce returns driven by stock selection while achieving some downside protection in declining equity markets.

Maximising opportunities from unique and uncorrelated sources of performance.

The Fund offers daily liquidity.

Risks

The Fund delivers both long and short exposure to equities, in order to reduce the volatility of the portfolio relative to a common long only fund. Despite the expected reduction in volatility, the Fund can still be subject to high fluctuations in value. As the fund uses derivatives & sophisticated leverage techniques, investors must be willing to bear the additional risk involved. Other risks include counterparty, operational and currency risk although portfolio positions are hedged back to the Fund's EUR base currency unless stated otherwise. GBP hedged share classes aim to mitigate fluctuations in the GBP/EUR exchange rate for GBP based investors.

Features

Product category
Alternative
Product domicile
Ireland
Portfolio management
麻豆社 Asset Management (Americas) LLC, New York
Fund management
麻豆社 Asset Management (Europe) S.A., Luxembourg
Custodian bank
J.P. Morgan Bank (Ireland) Plc
Representative for products established under foreign law
麻豆社 Fund Management (Switzerland) AG
Day of inception
January 30, 2014
Currency of account
EUR
Close of financial year
September 30
SFDR Classification
Art.6
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Ongoing costs p.a.
0.84% p.a.
Flat fee
0.84% p.a.
Performance fee
20.00%
Management fee
0.65% p.a.
Total expense ratio (TER)
0.78% p.a.
Minimum investment
n.a.
Securities no.
23181328
ISIN
IE00BHBXMW22
Bloomberg Ticker
UIA1PFE ID

Performance and Prices

Percentage growth

as of May 28, 2026
Cumulative
EUR(%) CHF(%) USD(%)
YTD -5.62 -7.27 -6.40
1M
3M
6M
1Y
2Y 2.44 1.57 16.18
3Y
5Y 18.22 -1.43 13.04
ø p.a.5Y 3.40 -0.29 2.48

Current data
Net asset value 29.05.2026 EUR 154.26
High - last 12 months 30.03.2026 EUR 167.81
Low - last 12 months 29.05.2026 EUR 154.26
Assets of the unit class in mn 29.05.2026 EUR 18.10
Total product assets in mn 29.05.2026 EUR 405.39

Structures

10 largest positions long (in %) (in %, as of April 30, 2026)

 
 
AIB Group 3.00
BAWAG Group 2.83
Aflac 2.42
Deutsche Borse 2.30
Tourmaline Oil 2.28

Fees

Ongoing costs p.a.
0.8400%
Flat fee
0.8400%
Management fee p.a.
0.6500%
Performance Fee
20.0000%

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

Market
Sales authorisations status
Australia
Institutional Only*
France
Registered
Germany
Registered
Ireland
Registered
Singapore
Registered
Spain
Registered
Switzerland
Registered
United Kingdom
Registered

Literature

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fr
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Brochures
Document type
Document Language
Fact Sheet
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fr fr
Fact Sheet - Alternative
fr fr
it it
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Agreement / Prospectus
Document type
Document Language
Prospectus
Supplement
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report
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