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Ellipsis Low Vol Equity Fund JEUR

Ranked 17 out of 26 in - Volatility Trading over 12 months
All calculations are in EUR unless stated

Managed by

Philippe Daveau

Having earned a postgraduate degree in banking, money and finance from La Sorbonne University, Philippe Daveau started his career in 1989 in the tradable options market. In 1990, he joined the market-making options department of Finacor Action et Dérivés, which became the Exane Group in 1992. In 1995, he became responsible for European warrant portfolios, and in 1999 for listed derivatives. In 2004, he was appointed head of convertibles, event-driven and equity finance activities for Exane Group’s own account. He joined Ellipsis AM in February 2015 to strengthen the overlay expertise at the volatility division.

Alexandre Ryo

Alexandre Ryo joined Ellipsis AM in June 2013 as diversified Fund manager. He began his career at Exane Group in 2012 as an assistant index volatility trader. A graduate of ESIEA (Ecole Supérieure d'Informatique, d'Electronique et d'Automatisme), Ryo has an MSc in finance from ESSEC.


The investment objective is to generate, over a six-year investment horizon, a performance net of management fees close to that of the EURO STOXX 50 (dividends reinvested), while aiming to reduce the volatility of the EURO STOXX 50 by 25% on average, and to mitigate the impact of sharp daily falls of the EURO STOXX 50 in accordance with predefined stress scenarios. In order to achieve its investment objective, the fund will use derivatives to manage its exposure to the eurozone equity markets. Thus, the portfolio has: exposure to European equities through the purchase of futures on the EURO STOXX 50 and optional strategies to limit the fund's impact on the daily decline of the EURO STOXX 50 index.

Showing fund performance in Latvia View performance globally


Volatility Trading over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -3.5% 2.1%
2017 -1.6% 1.9% -2.6%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. France

Fund Info

  • Launch date27/01/2017
  • Share Class size00Mn
  • Base currencyEUR
  • ISIN FR0013198009

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0.001


Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).