Ayaltis Funds - April 2018 Estimates

 
 
 
 
 
 
 
 
 

We are pleased to send you the estimated NAVs & Performances for April 2018 with a performance of -0.42% in USD for Class B.

Furthermore, please find attached a HFM Report about Ayaltis for your information.

Areca Sicav SIF-Value Discovery

HFM Report about Ayaltis 

April 2018 Flash Commentary

Our flagship fund is slightly down in April. US equity markets saw an undecisive volatility and closed broadly unchanged, despite support from a strong earnings season where 80% of S&P 500 companies beat earnings estimates.

                                                                          

In the first half of the month the Areca Value Discovery fund managed to generate good positive results but suffered from detractors versus the middle of the month, which dragged overall performance in slightly negative territory. Losses originated from Event Driven and Systematic Relative Value strategies while Relative Value Fixed Income and Global Macro strategies contributed in a positive way. During the last few days of the month, momentum factors were heavily sold-off creating spill-over effects in the entire Systematic Relative Value universe. Event Driven and Structured Relative Value finished the month in negative territory as well. We have kept a very cautious approach to M&A activity, especially after Trump’s election, but few failed M&A events made the Event Driven pocket to contribute negatively in April.

 

Estimate NAVs and Performance
as of April 30, 2018

April

YTD 2018

NAV

2017

2016

2015

12 Months Rolling Return

12 Months Rolling Volatility

Liquidity

PDF

Areca Value Discovery B USD

-0.42%

-1.33%

123.86

7.72%

-2.57%

2.30%

3.53%

4.07%

Quarterly

Link

Areca Value Discovery B CHF

-0.66%

-2.36%

116.03

5.45%

-4.56%

0.71%

1.11%

4.14%

Quarterly

Areca Value Discovery B EUR

-0.63%

-2.22%

117.90

5.99%

-4.01%

1.76%

1.60%

4.25%

Quarterly

 

 

 

 

 

 

 

 

 

 

 

Areca Azure C USD

-0.73%

-1.37%

103.16

5.48%

-0.84%

-

-

-

Monthly

Link

 

 

 

 

 

 

 

 

 

 

 

Narrapuno SPC - Spectrum A USD
(formerly Acantias Offshore Fund)

-0.45%

-2.06%

1,485.85

8.27%

-1.67%

3.72%

3.35%

4.52%

Quarterly

Link

Narrapuno SPC - Spectrum A CHF
(formerly Acantias Offshore Fund)

-0.70%

-3.10%

1,342.76

5.53%

-3.82%

2.16%

0.46%

4.50%

Quarterly

 

 

This month’s cut-off date for subscriptions is 24 May 2018 at 3pm.

 

As always, we reiterate our gratitude for your continued trust, support and patience.