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ALTERNATIVE &
RISK MITIGATION STRATEGIES

PHILOSOPHY
strengths
bespoke solutions

HIGHLIGHTS

Ellipsis AM is delighted to announe that its fund Ellipsis Optimal Solutions - Alternative Hedging, has been awarded "Best New Launch - Long Volatility and Tail Risk" by The Hedge Fund Journal

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Since its launch in January 2025, the fund has demonstrated strong performance, reflecting the depth and expertise of the management team. This award also speaks to the growing investor appetite for smart hedging solutions in today's increasingly volatile markets. The fund has now reached close to 500M€ AUM.

Many thanks to our clients for their trust and continued support.

Congratulations to the entire Ellipsis AM team, and sincere thanks to the Hedge Fund Journal, Hamlin Lovell, CFA, CAIA, FRM, and Rod Sparks for this distinguished recognition.

FIND OUT MORE

EOSALTH THFJ

WHY WE’RE HERE: TO ADDRESS OUR CLIENTS’ NEEDS

The division produces solutions that meet our clients’ needs and constraints. Our capabilities in listed derivatives and options take a top-down approach with our priority placed on quantitative processes and a discretionary approach.

We stand out in our ability to design and manage bespoke solutions that address investors’ individual concerns. Our team manages various open-ended funds and tailored offers (mandates, discretionary management and dedicated funds) that are adjusted to each investor’s specific needs and feature customised client service.

The desk also specialises in multi-asset class risk allocation and the use of listed derivatives. The team develops strategies through optional derivatives aligned with an analysis of the global macroeconomic context. Our management team focuses on managing risks and optimising the risk-reward equation.

+20 years

of capability

10+

Discretionary overlay mandates

Source : Ellipsis AM – 06/30/2025

Our investment management approach combines high-quality execution, transparency, and continuous valuation, drawing on broad access to counterparties, liquid instruments, and proprietary pricing models. This commitment enables us to ensure rigorous management and ongoing risk assessment.
 

pierre galice

Pierre Galice
Deputy Head of Alternative and Risk Mitigation Strategies

We help our clients manage volatility through a dual objective: protecting portfolios during market crises and harvesting volatility by crystallizing gains in volatile markets, to enhance performance at the overall portfolio level.
 

seb photos article FR

Sébastien Caron
CEO, CIO and Chairman of the Executive Board
 

Strengths

1

ACCESS A CAPABILITY USUALLY RESERVED FOR HEDGE FUNDS

2

COMBINE DERIVATIVES ALLOCATION WITH MODELLING CAPABILITIES

3

PROVIDE DISCRETIONARY OFFERS THAT ADD TO RETURNS & REDUCE HEDGING COSTS

4

OFFER SOLUTIONS FOCUSED ON LIQUIDITY, TRANSPARENCY AND UP-CLOSE CLIENT SERVICE

5

DEVELOP SYSTEMATIC DERIVATIVES STRATEGIES THAT COMPLY WITH INVESTMENT CONSTRAINTS

see our associate funds

Source : Ellipsis AM – 06/30/2025

BESPOKE SOLUTIONS

1HEDGING
TAIL RISK

Cushions steep drops by setting up tail-risk hedges.

Targeting Solvency II-regulated institutional investors.

2HEDGING
long vol

Limits a portfolio’s volatility by using hedging options.

Provides a stable derivatives profile that reduces volatility and drawdowns.

3yield enhancement

Implements short-volatility strategies with the goal of obtaining additional yield within a portfolio.

Provides a financing for systematic hedging.

4total
return

Creates derivatives-based strategies under constraints of minimum capital consumption and a pre-set risk profile.

Provides a market-decorrelated performance that is diversifying and liquid.

Overlay Solutions Disclaimer: It aims to reduce the risks on a given portfolio without fully eliminating them while aiming to provide no guarantee or protection of the portfolio, which therefore remains exposed to the risk of capital loss. This solution is also particularly exposed to a model risk linked to the implementation of the main objective of risk reduction, which is based on a systematic principle. There is a risk that this model is not efficient. Finally, in addition to the specific risks associated with the existing portfolio, this solution. Given that the hedging exists, the potential yield could be lower due to the impact of costs associated with hedging and the fact that the portfolio may only partially participate in the increase in the event of a market rebound.