The Lafitte Equity Arbitrage is UCITS III compliant and combines two strategies. One aggregates long/short positions based on events such as M&A or index re-balancing; the other bases positions on rights issues, dual-listings of share classes, arbitrage and holding arbitrage.

“Our goal is to propose our clients a wider arbitrage fund uncorrelated to the equity markets. The process is similar to our other funds. It uses a fundamental analysis linked to a probabilistic-statistical analysis,” said Arnaud Yvinec, co-manager of the fund.

The fund will have a daily liquidity and will be referenced on life insurance platforms.