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Alken Fund - Absolute Return Europe Class A

Performance History31/10/2019
Growth of 1,000 (GBP) Advanced Graph
Alken Fund - Absolute Return Europe Class A
Key Stats
 EUR 127.21
Day Change 0.51%
Morningstar Category™ Alt - Long/Short Equity - Europe
ISIN LU0572586591
Fund Size (Mil)
 EUR 410.05
Share Class Size (Mil)
 EUR 82.30
Max Initial Charge 3.00%
Ongoing Charge
*  This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced.
Morningstar Research
Analyst Report

Alken Absolute Return Europe benefits from Nicolas Walewski’s solid stock-picking ability, but its process and risk management have shown limits that reduce our overall conviction. Fees are also weighing negatively here. We are downgrading the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
Investment Objective: Alken Fund - Absolute Return Europe Class A
The fund’s objective is to provide capital growth and aim for a positive absolute return over long term period through long and short market exposure in the European markets primarily in equities or related derivative contracts. The Sub-Fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed and over the short-term it may experience periods of negative return and consequently the Sub-Fund may not achieve this objective. The Sub-Fund will have flexible net exposure to equity markets by taking long and short exposures on European equities primarily through the use of transferable securities, linear financial derivatives “delta one”.
Trailing Returns (GBP)15/11/2019
3 Years Annualised2.47
5 Years Annualised2.95
10 Years Annualised-
12 Month Yield 0.00
Manager Name
Start Date
Nicolas Walewski
Marc Festa
Inception Date
Category Benchmark
Fund BenchmarkMorningstar Benchmark
HFRX Equity Hedge EUR-
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Alken Fund - Absolute Return Europe Class A-
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
No Data Available
Top 5 Sectors%
No Data Available
Top 5 HoldingsSector%
No Data Available
Alken Fund - Absolute Return Europe Class A
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

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