Starting from February 5, 2024, our Ellipsis Disruption Convertible Fund, managed by our Convertibles & Credit division, is now offering three additional new share classes open for subscription.
MANAGEMENT TEAM:
Nicolas SCHRAMECK, Head of Convertible Management
Sébastien CARON, Convertible Fund Manager and Analyst
Pénélope DUGAS, Convertible Fund Manager and Analyst
Cyril BATKIN, Convertible Fund Manager and Trader
For more information, please refer to the documentation, especially the prospectus on the fund's web page.
Below are the 5 new shares launched and open for subscription:
- The 3 Y2 class shares at preferential conditions are open for subscription for a limited period.
The corresponding benchmark indices are: Y2EUR: Capitalized €STR + 4.35%, Y2 CHF: Capitalized SARON + 4.35%, Y2 USD: Capitalized SOFR + 4.35%
- The 2 new S USD and P CHF share classes are hedged against currency risk.
Note that the minimum subscription amount for S EUR/CHF/USD shares is increased from €/CHF/$ 2,000,000 to €/CHF/$ 10,000,000.
Furthermore, we inform you of a change in the benchmark indicators for each share class, which are adjusted to be understood net of financial management fees from the next financial year of the FCP, except for the YCHF and YEUR classes which remain unchanged.
These changes related to the benchmark indicators and performance fees will take effect on February 5, 2024, for the created or unsubscribed share classes: P EUR - P CHF - P USD - J CHF - J USD - S EUR - S USD - Y2 EUR - Y2 CHF - Y2 USD. They will be applicable from October 1, 2024, for the S CHF - I EUR - I CHF - I USD - J EUR share classes.
We invite you to consult the letter to holders for more information.
Y2 EUR/CHF/USD Share
S USD Share
P CHF Share
Isin :
Y2 EUR - FR001400NE60
Y2 CHF - FR001400NE78
Y2 USD - FR001400MM61
Net asset value :
100 000 EUR/CHF/USD
Minimum initial subscription :
1 000 000 EUR/CHF/USD
Management fees :
Max 0.65%
Outperformance fees:
15% inclusive of tax of the annual outperformance net of fees of the fund vs benchmark, once the underperformance of the last 5 years has been compensated.
Please click on the buttons below to access the :
Isin : FR001400MM87
Net asset value :
1 000 000 USD
Minimum initial subscription :
10 000 000 USD
Management fees :
Max 0.85%
Outperformance fees:
15% inclusive of tax of the annual outperformance net of fees of the fund vs benchmark, once the underperformance of the last 5 years has been compensated.
Please click on the buttons below to access the :
Isin : FR001400MM79
Net asset value :
1 000 CHF
Minimum initial subscription :
Aucun
Management fees :
Max 1.90%
Outperformance fees:
15% inclusive of tax of the annual outperformance net of fees of the fund vs benchmark, once the underperformance of the last 5 years has been compensated.
Please click on the buttons below to access the :
Find all the subscription terms per unit in the prospectus and consult the DIC for more information on the risk prof