Strategies

Flexible Strategies

Sycomore Partners

Cyril Charlot

Cyril Charlot

Founding Partner & Co-Head of Portfolio Management
Emeric Préaubert

Emeric Préaubert

Founding Partner & Co-Head of Portfolio Management

Sycomore Partners is a concentrated stock picking fund with equity exposure ranging between 0 and 100%. The non-invested pocket of the portfolio principally contains cash instruments used to cushion market falls or to introduce new investment ideas at an opportune moment. The fund is managed with a contrarian approach and seeks to deliver significant returns over a five-year investment horizon. Drawing upon in-depth fundamental research, the fund managers invest in a limited number of European stocks that are trading at a heavy discount; they manage the portfolio’s market exposure using an opportunistic and discretionary approach.

Sycomore Partners AD

103.84 €
16.08.2018
  • ISIN Code FR0013167251
  • RANGE POSITIONING Flexible All Caps Eurozone
  • LEGAL STRUCTURE French law FCP
  • INCEPTION 2016-05-20
  • BENCHMARK n/a
  • 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

    16.08.2018
    Performances
     FundIndex
    August 2018-0.79%
    2018-2.35%
    1 year-2.57%
    Inception3.84%
    Annualised1.70%
    Statistics
     3 yearsInception
    Correlation0.90.86
    Beta0.290.49
    Alpha1.8%2.6%
    Volatility0.060.14
    Vol. bench.0.190.24
    Sharpe Ratio0.790.32
    Max Drawdown-9%-31.7%
    Drawdown bench.-0.26-0.53
    Recovery Period2 m¹18 m¹
    Rec. Period bench.14 m¹58 m¹
    Calendar year returns
     FundIndex
    20164.72%4.15%
    20157.31%10.33%
    20146.53%4.14%
    201312.25%23.74%
    201211.33%19.34%
    2011-5.93%-15.22%
    20109.58%2.69%
    200930.6%31.18%

    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: 1.3%
    • Performance fees:
      20% above Eonia Capitalised + 3% with High Water Mark
    • Subscription fees: 3% maximum
    • Redemption fees: nil
    • Transaction fees: nil

    Sycomore Partners I

    1 729.03 €
    16.08.2018
    • ISIN Code FR0010601898
    • BLOOMBERG TICKER SYCPRTI FP Equity
    • RANGE POSITIONING Flexible All Caps Eurozone
    • LEGAL STRUCTURE French law FCP
    • INCEPTION 2008-03-31
    • BENCHMARK n/a
    • 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

      16.08.2018
      Performances
       FundIndex
      August 2018-0.74%
      2018-0.20%
      1 year-0.11%
      3 years9.19%
      5 years31.96%
      Inception72.90%
      Annualised5.41%
      Statistics
       3 yearsInception
      Correlation0.890.85
      Beta0.280.49
      Alpha2.7%3.6%
      Volatility0.060.14
      Vol. bench.0.180.24
      Sharpe Ratio0.980.39
      Max Drawdown-8.3%-31.7%
      Drawdown bench.-0.26-0.53
      Recovery Period2 m¹17 m¹
      Rec. Period bench.14 m¹58 m¹
      Calendar year returns
       FundIndex
      20165.73%4.15%
      20158.06%10.33%
      20147.59%4.14%
      201313.13%23.74%
      201212.55%19.34%
      2011-5.03%-15.22%
      201010.73%2.69%
      200931.92%31.18%

      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: 0.5% (This rate is based on the portion of assets invested in equities)
      • Performance fees:
        20% above Eonia Capitalised + 3% with High Water Mark
      • Subscription fees: 5% maximum
      • Redemption fees: nil
      • Transaction fees: nil

      Sycomore Partners IB

      1 717.68 €
      16.08.2018
      • ISIN Code FR0012365013
      • BLOOMBERG TICKER SYCPRTB FP Equity
      • RANGE POSITIONING Flexible All Caps Eurozone
      • LEGAL STRUCTURE French law FCP
      • INCEPTION 2014-12-04
      • BENCHMARK n/a
      • 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

        16.08.2018
        Performances
         FundIndex
        August 2018-0.75%
        2018-0.34%
        1 year-0.30%
        3 years8.57%
        5 years31.10%
        Inception71.77%
        Annualised5.35%
        Statistics
         3 yearsInception
        Correlation0.890.86
        Beta0.280.49
        Alpha2.5%3.3%
        Volatility0.060.14
        Vol. bench.0.180.24
        Sharpe Ratio0.950.37
        Max Drawdown-8.3%-31.8%
        Drawdown bench.-0.26-0.53
        Recovery Period2 m¹18 m¹
        Rec. Period bench.14 m¹58 m¹
        Calendar year returns
         FundIndex
        20165.5%4.15%
        20158.14%10.33%
        20147.15%4.14%
        201312.89%23.74%
        201212.31%19.34%
        2011-5.3%-15.22%
        201010.36%2.69%
        200931.5%31.18%

        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% (This rate is based on the portion of assets invested in equities)
        • Performance fees:
          20% above Eonia Capitalised + 3% with High Water Mark
        • Subscription fees: 5% maximum
        • Redemption fees: nil
        • Transaction fees: nil

        Sycomore Partners IBD

        1 644.28 €
        16.08.2018
        • ISIN Code FR0012758779
        • BLOOMBERG TICKER SYCPRTD FP Equity
        • RANGE POSITIONING Flexible All Caps Eurozone
        • LEGAL STRUCTURE French law FCP
        • INCEPTION 2015-06-08
        • BENCHMARK n/a
        • 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

          16.08.2018
          Performances
           FundIndex
          August 2018-0.75%
          2018-2.86%
          1 year-2.83%
          3 years6.32%
          5 years28.29%
          Inception68.09%
          Annualised5.13%
          Statistics
           3 yearsInception
          Correlation0.880.86
          Beta0.290.49
          Alpha1.8%3.1%
          Volatility0.060.14
          Vol. bench.0.180.24
          Sharpe Ratio0.80.36
          Max Drawdown-9.8%-31.8%
          Drawdown bench.-0.26-0.53
          Recovery Period6 m¹18 m¹
          Rec. Period bench.14 m¹58 m¹
          Calendar year returns
           FundIndex
          20165.98%4.15%
          20158.06%10.33%
          20147.15%4.14%
          201312.89%23.74%
          201212.31%19.34%
          2011-5.3%-15.22%
          201010.36%2.69%
          200931.5%31.18%

          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% (This rate is based on the portion of assets invested in equities)
          • Performance fees:
            20% above Eonia Capitalised + 3% with High Water Mark
          • Subscription fees: 5% maximum
          • Redemption fees: nil
          • Transaction fees: nil

          Sycomore Partners P

          1 505.73 €
          16.08.2018
          • ISIN Code FR0010738120
          • BLOOMBERG TICKER SYCPARP FP Equity
          • RANGE POSITIONING Flexible All Caps Eurozone
          • LEGAL STRUCTURE French law FCP
          • INCEPTION 2008-09-30
          • BENCHMARK n/a
          • 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

            16.08.2018
            Performances
             FundIndex
            August 2018-0.81%
            2018-1.19%
            1 year-1.69%
            3 years4.34%
            5 years22.96%
            Inception49.24%
            Annualised3.93%
            Statistics
             3 yearsInception
            Correlation0.90.86
            Beta0.290.49
            Alpha1.2%2%
            Volatility0.060.14
            Vol. bench.0.180.24
            Sharpe Ratio0.70.28
            Max Drawdown-9.2%-31.9%
            Drawdown bench.-0.26-0.53
            Recovery Period3 m¹24 m¹
            Rec. Period bench.14 m¹58 m¹
            Calendar year returns
             FundIndex
            20164.29%4.15%
            20156.78%10.33%
            20146%4.14%
            201311.69%23.74%
            201210.77%19.34%
            2011-6.4%-15.22%
            20109.04%2.69%
            200929.94%31.18%

            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: 1.8%
            • Performance fees:
              20% above benchmark with High Water Mark
            • Subscription fees: 5% maximum
            • Redemption fees: nil
            • Transaction fees: nil

            Sycomore Partners R

            1 648.83 €
            16.08.2018
            • ISIN Code FR0010601906
            • BLOOMBERG TICKER SYCPATR FP Equity
            • RANGE POSITIONING Flexible All Caps Eurozone
            • LEGAL STRUCTURE French law FCP
            • INCEPTION 2008-03-31
            • BENCHMARK n/a
            • 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

              16.08.2018
              Performances
               FundIndex
              August 2018-0.77%
              2018-0.61%
              1 year-0.70%
              3 years7.52%
              5 years29.00%
              Inception64.88%
              Annualised4.93%
              Statistics
               3 yearsInception
              Correlation0.890.86
              Beta0.280.49
              Alpha2.2%3.1%
              Volatility0.060.14
              Vol. bench.0.180.24
              Sharpe Ratio0.880.36
              Max Drawdown-8.6%-31.7%
              Drawdown bench.-0.26-0.53
              Recovery Period2 m¹18 m¹
              Rec. Period bench.14 m¹58 m¹
              Calendar year returns
               FundIndex
              20165.24%4.15%
              20157.59%10.33%
              20147.18%4.14%
              201312.75%23.74%
              201212.08%19.34%
              2011-5.53%-15.22%
              201010.1%2.69%
              200931.09%31.18%

              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: 2% (This rate is based on the portion of assets invested in equities)
              • Performance fees:
                20% above Eonia Capitalised + 3% with High Water Mark
              • Subscription fees: 3% maximum
              • Redemption fees: nil
              • Transaction fees: nil

              Sycomore Partners R USD

              112.16 $
              16.08.2018
              • ISIN Code FR0013065620
              • RANGE POSITIONING Flexible All Caps Eurozone
              • LEGAL STRUCTURE French law FCP
              • INCEPTION 2015-12-07
              • BENCHMARK n/a
              • 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

                16.08.2018
                Performances
                 FundIndex
                August 2018-3.39%
                2018-5.72%
                1 year-3.36%
                Inception12.16%
                Annualised4.35%
                Statistics
                 3 yearsInception
                Correlation0.690.87
                Beta0.380.58
                Alpha0.6%1.2%
                Volatility0.10.19
                Vol. bench.0.180.29
                Sharpe Ratio0.360.09
                Max Drawdown-10.9%-44.7%
                Drawdown bench.-0.23-0.62
                Recovery Period15 m¹30 m¹
                Rec. Period bench.14 m¹101 m¹
                Calendar year returns
                 FundIndex
                20162.14%1.12%
                2015-3.63%-0.95%
                2014-5.95%-8.55%
                201317.81%29.33%
                201214.12%21.2%
                2011-8.52%-17.96%
                20102.83%-3.98%
                200934.49%34.57%

                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: 2% (This rate is based on the portion of assets invested in equities)
                • Performance fees:
                  20% above Eonia Capitalised + 3% with High Water Mark
                • Subscription fees: 3% maximum
                • Redemption fees: nil
                • Transaction fees: nil