The Shearwater Fund is a global equity absolute return fund investing in equity and equity-related derivatives. Investment decisions are taken based on a combination of expertise in volatility, market timing, seasonality and risk management.

The Shearwater Fund seeks to take advantage of different volatility-based strategies, market movements and market inefficiencies to generate a positive return, independently of market movements.

The portfolio can be partially hedged, between 0% and 80%. As the fund is highly liquid, investors do not have to deal with a lock-up period. The NAV per share calculation, subscriptions and redemptions are on a monthly basis.

The Special Situations European Fund is a single-manager fund whose investment strategy focuses on catalyzing the turnaround of underperforming or distressed European companies challenged by the need to effect immediate and significant change.

In-depth, sophisticated research and analysis are undertaken by the Manager to select high quality but undervalued companies, whilst closely monitoring underlying market trends.

Investments are strictly limited to long positions in shares, bonds and cash, ensuring a flexible and highly liquid portfolio.

Real dynamic diversification is the first performance engine of the Quetzal Fund: a dynamic risk & allocation model allows the investment in various asset classes while controlling the maximum drawdown.

A second source of performance consists in detecting via a systematic model short term entry/exit points corresponding to deviations from the core strategic positions.

The third source of recurring performance comes from a dynamic well-adjusted covered calls selling policy.