Strategies

Flexible Strategies

Sycomore L/S Opportunities

Gilles Sitbon

Gilles Sitbon

Portfolio Manager
Olivier Mollé

Olivier Mollé

Portfolio Manager
Hadrien Bulté

Hadrien Bulté

Long/Short Analyst

Sycomore L/S Opportunities is an opportunistic flexible long/short European equities fund for which net exposure to equities varies according to the manager’s convictions. The fund’s strategy, which combines long positions and short positions over an investment horizon of five years, is to outperform the EONIA compounded index through discretionary management. Stock picking is mainly based on asymmetries between upside potential and downside risk estimated by the management team.

Select a share class

Sycomore L/S Opportunities A

347.02 €
19.03.2019
  • ISIN Code FR0010120931
  • BLOOMBERG TICKER SYCOPTF FP Equity
  • RANGE POSITIONING Long/Short - Opportunist
  • LEGAL STRUCTURE French law FCP
  • INCEPTION 2004-10-11
  • BENCHMARK Eonia Capitalisé
  • INVESTMENT HORIZON 5 years

Risk level

Lower risk can mean lower potential returnsLow1234567HighHigher risk can mean higher potential returns
The synthetic risk and reward indicator (SRRI) - definitionClose the The synthetic risk and reward indicator (SRRI) - definition

The synthetic risk and reward indicator (SRRI) - definition

The synthetic risk and reward indicator (SRRI) is calculated in compliance with the regulatory requirements applicable to mutual funds that meet the European UCITS IV standards. The synthetic risk and reward indicator is based on the volatility of the fund’s historical weekly performances. It provides an indication on the volatility of historical returns and a general insight into the mutual fund’s risk profile. Grade 1 corresponds to the lowest risk and Grade 7 to the highest. Note however that the lowest risk category (1) does not mean the fund is risk-free. The risk category that is awarded to a fund offers no guarantees and may change over time.

PUBLICATIONS FOR DOWNLOAD

    FUND TRACK RECORD

    TR: Total Return
    NR: Dividends reinvested
    Past performance does not guarantee future returns

    Data as of

    19.03.2019
    Performances
     FundIndex
    March 20190.40%-0.02%
    20193.89%-0.08%
    1 year-6.19%-0.37%
    3 years4.29%-1.08%
    5 years14.73%-1.18%
    Inception73.51%15.63%
    Annualised3.89%1.01%
    Statistics
     3 yearsInception
    Correlation0.870.78
    Beta0.330.38
    Alpha-0.8%1.7%
    Volatility0.060.1
    Vol. bench.0.150.2
    Sharpe Ratio00.27
    Max Drawdown-12.8%-27.5%
    Drawdown bench.-0.19-0.6
    Recovery Period-49 m¹
    Rec. Period bench.-71 m¹
    Calendar year returns
     FundIndex
    2018-9.76%-0.37%
    20177.28%-0.36%
    20162.28%-0.32%
    20157.33%-0.11%
    20144.65%0.1%
    201310.14%0.09%
    201215.49%0.24%
    2011-4.72%0.88%
    20102.79%0.44%
    200911.9%0.72%
    2008-16.78%4%
    20070.03%4.02%
    200612.1%2.91%
    20058.17%2.13%

    Characteristics

    Classification

    • Capitalisation
    • Fund currency: Euro
    • UCITS V: Yes
    • PEA Eligibility: Yes

    Subscriptions / Redemptions

    • Trades: Daily
    • NAV frequency: Daily
    • Centralising agent: BNPP Securities Services
    • Settlement: T+2

    Management fees

    • Fixed fees: 1.5%
    • Performance fees:
      15% above Eonia Capitalised with High Water Mark
    • Subscription fees: 5% maximum
    • Redemption fees: 5% maximum
    • Transaction fees: nil

    Sycomore L/S Opportunities I

    364.25 €
    19.03.2019
    • ISIN Code FR0010473991
    • BLOOMBERG TICKER SYCOPTI FP Equity
    • RANGE POSITIONING Long/Short - Opportunist
    • LEGAL STRUCTURE French law FCP
    • INCEPTION 2007-06-29
    • BENCHMARK Eonia Capitalisé
    • INVESTMENT HORIZON 5 years

    Risk level

    Lower risk can mean lower potential returnsLow1234567HighHigher risk can mean higher potential returns
    The synthetic risk and reward indicator (SRRI) - definitionClose the The synthetic risk and reward indicator (SRRI) - definition

    The synthetic risk and reward indicator (SRRI) - definition

    The synthetic risk and reward indicator (SRRI) is calculated in compliance with the regulatory requirements applicable to mutual funds that meet the European UCITS IV standards. The synthetic risk and reward indicator is based on the volatility of the fund’s historical weekly performances. It provides an indication on the volatility of historical returns and a general insight into the mutual fund’s risk profile. Grade 1 corresponds to the lowest risk and Grade 7 to the highest. Note however that the lowest risk category (1) does not mean the fund is risk-free. The risk category that is awarded to a fund offers no guarantees and may change over time.

    PUBLICATIONS FOR DOWNLOAD

      FUND TRACK RECORD

      TR: Total Return
      NR: Dividends reinvested
      Past performance does not guarantee future returns

      Data as of

      19.03.2019
      Performances
       FundIndex
      March 20190.42%-0.02%
      20194.00%-0.08%
      1 year-5.72%-0.37%
      3 years5.70%-1.08%
      5 years17.33%-1.18%
      Inception82.13%15.63%
      Annualised4.24%1.01%
      Statistics
       3 yearsInception
      Correlation0.870.78
      Beta0.330.37
      Alpha-0.3%2%
      Volatility0.060.1
      Vol. bench.0.150.2
      Sharpe Ratio0.080.31
      Max Drawdown-12.4%-27%
      Drawdown bench.-0.19-0.6
      Recovery Period-40 m¹
      Rec. Period bench.-71 m¹
      Calendar year returns
       FundIndex
      2018-9.33%-0.37%
      20177.74%-0.36%
      20162.74%-0.32%
      20157.81%-0.11%
      20145.1%0.1%
      201310.53%0.09%
      201215.52%0.24%
      2011-4.37%0.88%
      20103.31%0.44%
      200912.46%0.72%
      2008-16.35%4%
      20070.28%4.02%
      200612.1%2.91%
      20058.17%2.13%

      Characteristics

      Classification

      • Capitalisation
      • Fund currency: Euro
      • UCITS V: Yes
      • PEA Eligibility: Yes

      Subscriptions / Redemptions

      • Trades: Daily
      • NAV frequency: Daily
      • Centralising agent: BNPP Securities Services
      • Settlement: T+2

      Management fees

      • Fixed fees: 1%
      • Performance fees:
        15% above Eonia Capitalised with High Water Mark
      • Subscription fees: 7% maximum
      • Redemption fees: 7% maximum
      • Transaction fees: nil

      Sycomore L/S Opportunities ID

      355.50 €
      19.03.2019
      • ISIN Code FR0012758761
      • BLOOMBERG TICKER SYCLSOD FP Equity
      • RANGE POSITIONING Long/Short - Opportunist
      • LEGAL STRUCTURE French law FCP
      • INCEPTION 2015-06-08
      • BENCHMARK Eonia Capitalisé
      • INVESTMENT HORIZON 5 years

      Risk level

      Lower risk can mean lower potential returnsLow1234567HighHigher risk can mean higher potential returns
      The synthetic risk and reward indicator (SRRI) - definitionClose the The synthetic risk and reward indicator (SRRI) - definition

      The synthetic risk and reward indicator (SRRI) - definition

      The synthetic risk and reward indicator (SRRI) is calculated in compliance with the regulatory requirements applicable to mutual funds that meet the European UCITS IV standards. The synthetic risk and reward indicator is based on the volatility of the fund’s historical weekly performances. It provides an indication on the volatility of historical returns and a general insight into the mutual fund’s risk profile. Grade 1 corresponds to the lowest risk and Grade 7 to the highest. Note however that the lowest risk category (1) does not mean the fund is risk-free. The risk category that is awarded to a fund offers no guarantees and may change over time.

      PUBLICATIONS FOR DOWNLOAD

        FUND TRACK RECORD

        TR: Total Return
        NR: Dividends reinvested
        Past performance does not guarantee future returns

        Data as of

        19.03.2019
        Performances
         FundIndex
        March 20190.43%-0.02%
        20194.00%-0.08%
        1 year-5.74%-0.37%
        3 years5.58%-1.08%
        5 years17.37%-1.18%
        Inception82.18%15.63%
        Annualised4.24%1.01%
        Statistics
         3 yearsInception
        Correlation0.860.78
        Beta0.320.38
        Alpha-1.1%1.8%
        Volatility0.060.1
        Vol. bench.0.150.2
        Sharpe Ratio-0.060.29
        Max Drawdown-13.7%-27%
        Drawdown bench.-0.19-0.6
        Recovery Period-40 m¹
        Rec. Period bench.-71 m¹
        Calendar year returns
         FundIndex
        2018-10.69%-0.37%
        20176.7%-0.36%
        20162.82%-0.32%
        20157.78%-0.11%
        20145.1%0.1%
        201310.53%0.09%
        201215.52%0.24%
        2011-4.37%0.88%
        20103.31%0.44%
        200912.46%0.72%
        2008-16.35%4%
        20070.28%4.02%
        200612.1%2.91%
        20058.17%2.13%

        Characteristics

        Classification

        • Distribution &/or capitalisation
        • Fund currency: Euro
        • UCITS V: Yes
        • PEA Eligibility: Yes

        Subscriptions / Redemptions

        • Trades: Daily
        • NAV frequency: Daily
        • Centralising agent: BNPP Securities Services
        • Settlement: T+2

        Management fees

        • Fixed fees: 1%
        • Performance fees:
          15% above Eonia Capitalised with High Water Mark
        • Subscription fees: 7% maximum
        • Redemption fees: 7% maximum
        • Transaction fees: nil

        Sycomore L/S Opportunities R

        330.73 €
        19.03.2019
        • ISIN Code FR0010363366
        • BLOOMBERG TICKER SYCOPTR FP Equity
        • RANGE POSITIONING Long/Short - Opportunist
        • LEGAL STRUCTURE French law FCP
        • INCEPTION 2006-09-04
        • BENCHMARK Eonia Capitalisé
        • INVESTMENT HORIZON 5 years

        Risk level

        Lower risk can mean lower potential returnsLow1234567HighHigher risk can mean higher potential returns
        The synthetic risk and reward indicator (SRRI) - definitionClose the The synthetic risk and reward indicator (SRRI) - definition

        The synthetic risk and reward indicator (SRRI) - definition

        The synthetic risk and reward indicator (SRRI) is calculated in compliance with the regulatory requirements applicable to mutual funds that meet the European UCITS IV standards. The synthetic risk and reward indicator is based on the volatility of the fund’s historical weekly performances. It provides an indication on the volatility of historical returns and a general insight into the mutual fund’s risk profile. Grade 1 corresponds to the lowest risk and Grade 7 to the highest. Note however that the lowest risk category (1) does not mean the fund is risk-free. The risk category that is awarded to a fund offers no guarantees and may change over time.

        PUBLICATIONS FOR DOWNLOAD

          FUND TRACK RECORD

          TR: Total Return
          NR: Dividends reinvested
          Past performance does not guarantee future returns

          Data as of

          19.03.2019
          Performances
           FundIndex
          March 20190.37%-0.02%
          20193.78%-0.08%
          1 year-6.64%-0.37%
          3 years2.93%-1.08%
          5 years12.50%-1.18%
          Inception30.47%10.68%
          Annualised2.14%0.81%
          Statistics
           3 yearsInception
          Correlation0.870.78
          Beta0.330.38
          Alpha-1.2%1.3%
          Volatility0.060.1
          Vol. bench.0.150.2
          Sharpe Ratio-0.070.23
          Max Drawdown-13.2%-28%
          Drawdown bench.-0.19-0.6
          Recovery Period-51 m¹
          Rec. Period bench.-71 m¹
          Calendar year returns
           FundIndex
          2018-10.19%-0.37%
          20176.82%-0.36%
          20161.88%-0.32%
          20156.89%-0.11%
          20144.39%0.1%
          20139.73%0.09%
          201215.91%0.24%
          2011-5.2%0.88%
          20102.26%0.44%
          200911.33%0.72%
          2008-17.2%4%
          2007-0.4%4.02%
          200611.8%2.91%
          20058.17%2.13%

          Characteristics

          Classification

          • Capitalisation
          • Fund currency: Euro
          • UCITS IV: Yes
          • PEA Eligibility: Yes

          Subscriptions / Redemptions

          • Trades: Daily
          • NAV frequency: Daily
          • Centralising agent: BNPP Securities Services
          • Settlement: T+2

          Management fees

          • Fixed fees: 2%
          • Performance fees:
            15% above Eonia Capitalised with High Water Mark
          • Subscription fees: 3% maximum
          • Redemption fees: 3% maximum
          • Transaction fees: nil