Fund description
The Ambienta X Alpha Fund employs a long/short equity strategy to generate attractive risk-adjusted absolute returns by investing primarily in environmentally sustainable investments.
X Alpha combines Ambienta’s deep experience in environmental sustainability investing, in both private equity markets and as advisor of major European asset managers, with a team of top-tier professionals with a consolidated experience in managing alpha-generating absolute return strategies.
The fund is an Irish domiciled UCITS and was launched in May 2020.
The Investment Team
The fund is Managed by Ambienta X’s CIO, Fabio Pecce, supported by a full team of Investment Professionals. The team leverages Ambienta’s Sustainability & Strategy team deep experience with the theme.
Fabio Pecce
Chief Investment Officer and Partner, Ambienta X
Francesco Cavallo
Senior Investment Analyst and Deputy PM on EMC and Partner, Public Markets
Sofia Savvantidou
Senior Investment Analyst, Public Markets
Nicholas Durack
Investment Analyst, Public Markets
The Investment Universe
The fund focuses on European and US companies with market cap above $1 billion, which either leverage a sustainability-driven competitive advantage at attractive valuations (longs), or which are disrupted by sustainability trends (shorts).
Risk Management Strategy
The fund has put in place a sophisticated risk management approach. It seeks idiosynchratic (stock-specific) exposure while managing factor or style tilts, and has established a strong trading discipline and use of hedging overlays to reduce tail risks.
Key facts
FUND INCEPTION
May 2020
BASE CURRENCY
EUR (€)
STRATEGY
Long-Short
SFDR
Article 9
FUND DOMICILE
Ireland
ADMINISTRATOR
Morgan Stanley Fund Services (Ireland)
DEALING FREQUECY
Weekly
VALUATION DAY
Weekly
NOTICE PERIOD
T-4
Weekly NAV
Class F (EUR) Accumulation
€ 102,78
Class F (EUR) Distribution
€ 85,76
Class F2 (EUR) Accumulation
€ 1.027,85
Class H (EUR) Accumulation
€ 96,81
Class H (EUR) Distribution
€ 92,75
Class H2 (EUR) Accumulation
€ 1.005,75
Class H (GBP) Hedged Accumulation
£ 97,84
Class H (USD) Hedged Accumulation
$ 100,48
Class M (EUR) Accumulation
€ 105,62
Class M (EUR) Distribution
€ 88,16
Class M0 (EUR) Accumulation
€ 96,32
Class R (EUR) Accumulation
€ 97,95
Class T (GBP) Hedged Accumulation
£ 953,50
Class U (EUR) Accumulation
€ 962,40
Class U2 (EUR) Accumulation
€ 1.049,39
Class U2 (CHF) Hedged Accumulation
CHF 912,70
Class U2 (USD) Hedged Accumulation
$ 1.003,08
As at November 29, 2024. Fund Inception date: May 5, 2020
Synthetic Risk and Reward Indicator (SRRI)
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7
Lower Risk
Lower Rewards
Lower Rewards
Higher Risk
Typically Higher Rewards
Typically Higher Rewards
The SRRI may not be a reliable indicator of the Fund’s future risk profile. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean a ‘risk free’ investment.