Our Merger Arbitrage strategies win ‘Best new launch’ award

UCITS Hedge Awards 2024

Published on
18 March 2024
Read time
1 minute(s) read

We are proud to see Carmignac Portfolio Merger Arbitrage and Carmignac Portfolio Merger Arbitrage Plus win ‘Best new launch’ award based on their 6-month risk-adjusted returns.

We have been expanding our alternative-investment capabilities over a number of years to meet growing demand from investors seeking both diversification and decorrelation from conventional asset classes.

We formed a merger arbitrage team in 2023 and appointed Fabienne Cretin-Fumeron and Stéphane Dieudonné as Fund managers, at the helm of Carmignac Portfolio Merger Arbitrage (defensive profile and 2%–4% expected volatility) and Carmignac Portfolio Merger Arbitrage Plus (dynamic profile with a 5%–7% expected volatility), both aiming to seize merger arbitrage opportunities in the main developed countries.

Methodology: The Hedge Fund Journal has published since 2004, and has published its UCITS Hedge Awards every year since 2012. The performance data on UCITS hedge funds is gathered from various partners including LuxHedge. The Hedge Fund Journal uses its deep knowledge of the industry to categorise funds into a range of discretionary, systematic and hybrid hedge fund strategies covering most of the liquid strategies in the industry. The merger arbitrage strategy category includes funds that are wholly or mainly focused on trading post-announced merger deals. This is one of the oldest hedge fund strategies, also known as "risk arbitrage". Funds in each strategy category are ranked according to their risk-adjusted returns, which are independently calculated by our data partners (as of December 2023).
Carmignac Portfolio Merger Arbitrage
Carmignac Portfolio Merger Arbitrage Plus

Carmignac Portfolio Merger Arbitrage A EUR Acc

ISIN: LU2585800795
Recommended minimum investment horizon
3 years
Risk indicator*
2/7
SFDR - Fund Classification**
Article 8

*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.

Main risks of the fund

Equity: The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.Arbitrage: Arbitrage seeks to benefit from such price differences (e.g. in markets, sectors, securities, currencies). If arbitrage performs unfavorably, an investment may lose its value and generate a loss for the Sub-Fund.Risk associated with the Long/Short Strategy: This risk is linked to long and/or short positions designed to adjust net market exposure. The Fund may suffer high losses if its long and short positions undergo simultaneous unfavourable development in opposite directions.Liquidity: Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.
The Fund presents a risk of loss of capital.

Carmignac Portfolio Merger Arbitrage Plus A EUR Acc

ISIN: LU2585801256
Recommended minimum investment horizon
3 years
Risk indicator*
3/7
SFDR - Fund Classification**
Article 8

*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.

Main risks of the fund

Equity: The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.Arbitrage: Arbitrage seeks to benefit from such price differences (e.g. in markets, sectors, securities, currencies). If arbitrage performs unfavorably, an investment may lose its value and generate a loss for the Sub-Fund.Risk associated with the Long/Short Strategy: This risk is linked to long and/or short positions designed to adjust net market exposure. The Fund may suffer high losses if its long and short positions undergo simultaneous unfavourable development in opposite directions.Liquidity: Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.
The Fund presents a risk of loss of capital.

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MARKETING COMMUNICATION. Please refer to the Key Information Document (KID) /prospectus of the Fund before making any final investment decisions. The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager. Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).

This article may not be reproduced, in whole or in part, without prior authorisation from the management company. It does not constitute a subscription offer, nor does it constitute investment advice. The information contained in this article may be partial information and may be modified without prior notice. The Management Company can cease promotion in your country anytime. Investors have access to a summary of their rights in English here. Carmignac Portfolio refers to the sub-funds of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive. Access to Funds may be subject to restrictions regarding certain persons or countries. The Funds are not registered in North America, nor in South America. The Fund has not been registered under the US Securities Act of 1933. The Funds may not be offered or sold, directly or indirectly, for the benefit or on behalf of a "U.S. person", according to the definition of the US Regulation S and/or FATCA. The Funds present a risk of loss of capital. The prospectus, KID, NAV and annual reports are available at www.carmignac.com, or upon request to the Management Company. The KID must be made available to the subscriber prior to subscription.
• In Switzerland, the prospectus, KID and annual reports are available at www.carmignac.ch, or through our representative in Switzerland, CACEIS (Switzerland), S.A., Route de Signy 35, CH-1260 Nyon. The paying agent is CACEIS Bank, Montrouge, succursale de Nyon/Suisse, Route de Signy 35, 1260 Nyon. The KID must be made available to the subscriber prior to subscription.