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Main information

Fund name Leadersel Event Driven Class B
Category Flexible fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment policy

The Fund aims to maximize capital with focus on companies subject to extraordinary/special situations such as mergers, acquisitions and restructuring with the aim to take advantage of such events. This objective will be reached by investing mainly intransferable securities, particularly equities and bonds, money market instruments and derivatives (such as futures and options, Contracts for Difference or Equity Swaps), in order to create long and short exposure with the aim of exploiting potential opportunities. If the Fund invests in Swaps on Indexes, the index composition will be public and disciplined by appropriate Index Rules publicly available and in accordance with the provisions of the Law. The Fund will not invest in derivatives where the counterparties have any discretion on the composition or management of the Fund’s investment portfolio or on the underlying of the financial derivative instruments. The Fund may hold liquid assets, including cash, bank deposits, money market instruments or units of Undertakings for Collective Investments in Transferable Securities (UCITS) and/or other Undertakings for Collective Investments (UCIs) that have a policy of investing mainly in liquidity strategies on a residual basis (less than 50% of its net assets). The Fund may invest up to 100% of its net assets in various issues (minimum 6) of securities and money market financial instruments, issued or guaranteed by a Member State of the European Union, by its public territorial authorities, by a Member state of the OECD, by international public institutions to which one or more EU Member States belong. The Fund will invest mainly in developed markets. The Fund may invest up to 10% of its net assets in units of other UCITS or other UCIs. The Fund may use financial techniques and instruments in order to promote efficient portfolio management. The investor can buy or sell shares of the Fund on a weekly basis, each Friday, or next full banking.

Legal information

Depository bank Caceis Bank, Luxembourg branch
Audit firm EY
How to subscribe it

The Funds managed by Ersel Gestion Internationale S.A. can be subscribed by sending an order to the Transfer Agent and Custodian Bank of the Fund. Investor Services Team:

  • Email address: fds-investor-services@caceis.com  
  • Phone number: 00 352 47 6759 99 
  • Fax number: 00 352 47 67 70 37 
  • Business hours: 9 a.m. to 6 p.m. CET 
  • Languages: Inglese, French, Spanish, Italian, German, Dutch

For institutional investors the orders can also be transmitted through the following distributors: Allfunds Bank, Mfex, Fund Channel.
NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU1323913191
Bloomberg LEAEVDR LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1.5%
Performance fee Maximum of 20% calculated on the positive return of the net asset value per unit with reference to each Valuation Date (High Water Mark), paid quarterly.
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions 250 euro

Performance

Period NAV Fund Benchmark
2025.04.02110,440--
2025.04.01110,3700,06%-
1 month110,470-0,02%-
3 months109,0001,32%-
YTD108,8401,47%-
1 year105,0505,13%-
3 years*107,2000,99%-
5 years*98,7202,26%-
Since inception (May 6 2016)100,0001,12%-
* Average annual compound yield
NOTE: Before subscribing, read the informative prospectus. There is no guarantee of obtaining the same return afterwards.

Graphic trend

Created with Highstock 6.1.1Jul '16Jan '17Jul '17Jan '18Jul '18Jan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25201720182019202020212022202320242025-5%0%+5%+10%-10%+15%3m6m1y2y3yAllFrom02/05/2016To02/04/2025FondoBenchmark
Created with Highstock 6.1.1Jul '16Jan '17Jul '17Jan '18Jul '18Jan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '2520172018201920202021202220232024202595100105110901153m6m1y2y3yAllFrom02/05/2016To02/04/2025NAV

Summary table

1 year3 years5 years10 years
Fund5,13%3,02%11,87%-
Benchmark----
1 year3 years5 years10 years
Fund5,13%0,99%2,26%-
Benchmark----
2022202320242025
Fund-4,96%0,69%3,87%1,47%
Benchmark----

Annual chart

Created with Highstock 6.1.1FondoBenchmark201720182019202020212022202320242025-7.5%-5%-2.5%0%+2.5%+5%+7.5%

In February, the performance of Leadersel Event Driven was driven by a strong contribution from the risk arbitrage and special situations portfolios, in a month where overall market trends, particularly in the US, were not particularly supportive.

Manager's comment of the month

Specifically, in risk arbitrage, on the European front, the main contributions came from positions in Learning Technologies, following shareholder approval of its acquisition by General Atlantic, and in Anima, with the formal increase in Banco BPM’s offer - widely expected but nonetheless ratified at the Milan-based bank’s end-of-month meeting.

In the US portfolio, gains were supported by the higher bid for H&E Equipment Services, a construction equipment rental company, from Herc, a spinoff of the better-known Hertz, as well as by movements in Juniper, which benefited from favourable timing in its legal case with the DoJ. Turning to the special situations book, the theme of European investment in defence provided strong support for key sector players such as Leonardo and Melrose.

Additional positive contributions came from Grifols, which, during its capital markets day, reported improving financials and, most importantly, a better corporate governance structure, as well as from Naturgy, following the launch of a share buyback programme aimed at reorganising its reference shareholder structure. Regarding asset allocation, the weighting of the risk arbitrage component increased, driven by new deal announcements during the month.

Offer documents

Document Date of the document Download
KID 03/03/2025 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 17/06/2024 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2024 PDF get_app
Semi annual report CH 30/06/2024 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2023 PDF get_app
Annual Report CH 31/12/2023 PDF get_app

Notice

Document Date of the document Download
Notice of Merger of Alternative Strategies Sub-Fund with Event Driven Sub-Fund 18/12/2023 PDF get_app
Fund manager
Giorgio Nicola
Giorgio Nicola
Team Investimenti Event Driven
Riccardo Costa
Riccardo Costa
Team Investimenti Event Driven
Alessandro Moretti
Alessandro Moretti
Team Investimenti Event Driven
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Rating
CFS Rating star star star star star
© 2025 Ersel Banca Privata - P.Iva 11894590154

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