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Main information

Fund name Leadersel Event Driven Class B
Category Flexible fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment policy

The Fund aims to maximize capital with focus on companies subject to extraordinary/special situations such as mergers, acquisitions and restructuring with the aim to take advantage of such events. This objective will be reached by investing mainly intransferable securities, particularly equities and bonds, money market instruments and derivatives (such as futures and options, Contracts for Difference or Equity Swaps), in order to create long and short exposure with the aim of exploiting potential opportunities. If the Fund invests in Swaps on Indexes, the index composition will be public and disciplined by appropriate Index Rules publicly available and in accordance with the provisions of the Law. The Fund will not invest in derivatives where the counterparties have any discretion on the composition or management of the Fund’s investment portfolio or on the underlying of the financial derivative instruments. The Fund may hold liquid assets, including cash, bank deposits, money market instruments or units of Undertakings for Collective Investments in Transferable Securities (UCITS) and/or other Undertakings for Collective Investments (UCIs) that have a policy of investing mainly in liquidity strategies on a residual basis (less than 50% of its net assets). The Fund may invest up to 100% of its net assets in various issues (minimum 6) of securities and money market financial instruments, issued or guaranteed by a Member State of the European Union, by its public territorial authorities, by a Member state of the OECD, by international public institutions to which one or more EU Member States belong. The Fund will invest mainly in developed markets. The Fund may invest up to 10% of its net assets in units of other UCITS or other UCIs. The Fund may use financial techniques and instruments in order to promote efficient portfolio management. The investor can buy or sell shares of the Fund on a weekly basis, each Friday, or next full banking.

Legal information

Depository bank Caceis Bank, Luxembourg branch
Audit firm EY
How to subscribe it

The Funds managed by Ersel Gestion Internationale S.A. can be subscribed by sending an order to the Transfer Agent and Custodian Bank of the Fund. Investor Services Team:

  • Email address: fds-investor-services@caceis.com  
  • Phone number: 00 352 47 6759 99 
  • Fax number: 00 352 47 67 70 37 
  • Business hours: 9 a.m. to 6 p.m. CET 
  • Languages: Inglese, French, Spanish, Italian, German, Dutch

For institutional investors the orders can also be transmitted through the following distributors: Allfunds Bank, Mfex, Fund Channel.
NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU1323913191
Bloomberg LEAEVDR LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1.5%
Performance fee Maximum of 20% calculated on the positive return of the net asset value per unit with reference to each Valuation Date (High Water Mark), paid quarterly.
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions 250 euro

Performance

Period NAV Fund Benchmark
2025.07.09112,490--
2025.07.08111,6100,78%-
1 mese112,1500,30%-
3 mesi108,8903,30%-
Inizio anno108,8403,35%-
1 anno106,3405,78%-
3 anni*103,9802,65%-
5 anni*103,1501,74%-
Dalla nascita (May 6 2016)*100,0001,29%-
* Average annual compound yield
NOTE: Before subscribing, read the informative prospectus. There is no guarantee of obtaining the same return afterwards.

Graphic trend

Created with Highstock 6.1.12017201820192020202120222023202420252018202020222024-5%0%+5%+10%+15%-10%3m6m1y2y3yAllFrom02/05/2016To09/07/2025FondoBenchmark
Created with Highstock 6.1.1201720182019202020212022202320242025201820202022202495100105110115903m6m1y2y3yAllFrom02/05/2016To09/07/2025Fondo

Summary table

1 anno3 anni5 anni10 anni
Fondo5,78%8,18%9,05%-
Benchmark----
1 anno3 anni5 anni10 anni
Fondo5,78%2,65%1,74%-
Benchmark----
2022202320242025
Fondo-4,96%0,69%3,87%3,35%
Benchmark----

Annual chart

Created with Highstock 6.1.1FondoBenchmark201720182019202020212022202320242025-7.5%-5%-2.5%0%+2.5%+5%+7.5%

In June, the performance of Leadersel Event Driven was driven by the positive contribution from the risk arbitrage portfolio, during a month in which special situations and relative value positions also held up well in markets initially focused on developments in the Iranian crisis, and subsequently refocused on the exceptionalism of the US technology sector.

Manager's comment of the month

Specifically, within risk arbitrage, on the European front, the portfolio benefitted from the positive optionality inherent in the deals involving Assura and Warehouse REIT. In the case of Assura, as somewhat anticipated, the bidding battle intensified between KKR and healthcare facilities operator PHP, each seeking the favour of Assura’s shareholders and management. Meanwhile, for Warehouse REIT, Tritax Big Box submitted a counteroffer to Blackstone’s proposal for control of the British industrial warehouse company.

Within the US portfolio, a significant contribution came from Juniper Networks, thanks to the completion of its acquisition by HP Enterprise. Turning to the special situations book, profit-taking impacted positions in Grenergy and Leonardo, although this effect was mitigated by movements in Azimut, following the finalisation of the TNB Bank project; in Allfunds, due to an increase in assets under administration; and in Capital One, which stands to benefit from potential deregulation in the US financial sector.

In relative value, the only noteworthy development was the widening of the Danieli ordinary/savings share spread, following the sale of a stake in savings shares by the reference shareholder. As regards asset allocation, the weighting of the three portfolios remained broadly unchanged compared to May.

Overall exposure continues to be somewhat affected by the lower volume of new deals announced during the second quarter, although in recent weeks some encouraging signs have begun to emerge, supporting a gradual increase in activity.

Offer documents

Document Date of the document Download
KID 03/03/2025 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 15/04/2025 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2024 PDF get_app
Semi annual report CH 30/06/2024 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2024 PDF get_app
Annual Report CH 31/12/2023 PDF get_app

Notice

Document Date of the document Download
Notice of Merger of Alternative Strategies Sub-Fund with Event Driven Sub-Fund 18/12/2023 PDF get_app
Fund manager
Giorgio Nicola
Giorgio Nicola
Team Investimenti Event Driven
Riccardo Costa
Riccardo Costa
Team Investimenti Event Driven
Alessandro Moretti
Alessandro Moretti
Team Investimenti Event Driven
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Rating
CFS Rating star star star star star
© 2025 Ersel Banca Privata - P.Iva 11894590154

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