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BDL Rempart, our Long Short fund, is based on a strong idea : some business models create value for both employees and shareholders, others do not.
To achieve this, our team of analysts has been working for over 20 years with a single aim: to make this fund a performance driver, whatever the economic environment.
Hughes Beuzelin founded BDL Capital Management where he manages the BDL Rempart fund, which became the first fund with Aria el status in 2005 and now has a track record of over 14 years. He also manages the BDL Convictions fund created in 2008.
Aymeric Mellet co-manages the BDL Rempart fund since January 2021. He is a specialist in the utility, automotive, construction and industrial sectors.
Alexandre Marie is co-manager of the BDL Rempart fund since 2021. He is in charge of complex financial analysis.
Minimum recommended investment horizon: 3 to 5 years
Custodian: CACEIS BankFrance
Promoter: CACEIS Fund Administration
Valuation frequency: Daily
Subscription/redemption deadline: Before 11:00 CET
Entry/subscription fees: From 0 to 2% maximum, not vested in the UCITS
Running costs:
The performance fee represents 20% (incl. tax) above the capitalized €STR (FED fund rate for U shares), only if the performance of the Long Short fund is positive and with High Water Mark, annually following the end of the financial year on 30/09 or on the redemption date. Further details are available in the fund prospectus.
For more information on fees, please consult the DIC and the prospectus.
Our historical Long Short fund, BDL Rampart, takes its name from the castle analogy. A good company is an impregnable fortress, protected from its competitors by large fortifications. This Long Short fund seeks to buy this type of company at the right price and sell those whose fragility is more reminiscent of sand castles.
BDL Rempart is an actively managed long-short fund with an absolute return objective. Our funds do not seek to track or replicate the performance of an index. A long/short fund consists of a combination of long and short positions.
BDL Capital Management's aim is to make money while keeping a close eye on the assets.
The Long Short Fund uses a fundamental, proprietary research-based buy and sell process to select companies. Exposure levels are based on investment ideas.
BDL Rempart may invest in the following assets (up to 100% of the assets):
- OECD equities/indices including CFDs* (derivatives) and live securities [buy/sell]
- Foreign currencies [hedge and exposure]
- Government and corporate bonds (including convertible) with a rating above CCC [investment grade]) [
- Interest rate/credit related financial instruments [buy/sell]
BDL Rempart may also buy/sell interest rate/credit related financial instruments (up to 40% of the assets) and on an ancillary basis (10% of the assets) in other UCITS and shares of listed companies with a turnover of less than EUR 150 million.
The use of these instruments can lead to a leverage effect. This mechanism amplifies the investment capacity. This leverage effect entails an increased risk of capital loss or potential return.
DISCLAIMER
The purpose of this commercial document is to provide you with simplified information on the characteristics of the fund. This document has been prepared for information purposes only and does not constitute an offer to sell. This document is not and shall not under any circumstances be interpreted or perceived as an offer or solicitation to invest in the fund presented, nor as investment, legal, tax or any other kind of advice, nor shall it inspire any investment or decision whatsoever. The information contained in this document is not intended as a substitute for the recipient's own judgment, on which he or she must rely. In any event, the information presented is not sufficient for an informed investment in this product. An investment in one of BDL Capital Management's funds should only be considered after consulting the prospectus. Past performance is not a reliable indicator of future performance. They are not constant over time and are not guaranteed. Investors' attention is drawn to the fund's risk factors, in particular credit risk, liquidity risk, counterparty risk and the technical impact of management, particularly with regard to forward financial instruments. BDL Rempart's benchmark (€STR capitalized) is calculated excluding dividends, which may lead to a bias in performance comparisons. For more information on the risks to which the fund is exposed, please consult the fund's DICI and prospectus, available on request or on BDL Capital Management's website (www.bdlcm.com/rempart). Information on the right to make a claim or bring a class action is available in French and English on the BDL Capital Management website: https://www.bdlcm.com/informations-reglementaires. BDL Capital Management may decide to cease marketing its undertakings for collective investment in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.
Grading methodologies are available from the organizers.
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