Areca Sicav SIF – Convexity Fund

Areca SICAV SIF – Convexity Fund

Areca Sicav SIF – Convexity Fund seeks to offer a portfolio that is designed to benefit during systemic market crises while delivering a neutral performance in normal times.

One part of the fund invests in specialized tail hedge fund strategies that exhibit a return profile that provides protection in case of extreme adverse events.

The other part of the fund invests in convex strategies that generate a positive carry return in normal market environments to compensate the negative protection cost of the tail hedge funds. The objectives of the Areca Convexity Fund are low positive or negative returns in a normal market environment and high positive returns in an adverse market environment.

The fund aims at low to negative correlation to equities, fixed income and commodities.

Fund Details

Subscription: Monthly with 5 business days notice.
Redemption: Quarterly with 100 days notice.
Reporting: Monthly NAV
Fund Administrator: Credit Suisse, Luxembourg
Fund Custodian: Credit Suisse, Luxembourg
Fund Auditor: Ernst & Young, Luxembourg
Fund Manager: Ayaltis AG, Zurich

Fund Objectives

Main Strategy: Relative Value opportunities that exhibit a convex profile.
Target Returns: Not applicable

Taxation Information

Information on Italy tax reporting upon request to Investor Relations at
Information on UK tax reporting can be downloaded here.
For information on tax reporting in other countries, please contact Investor Relations at


Presentation Download

June 2019

Fact Sheet Download

May 2019

Fact Sheet Download

April 2019

Fact Sheet Download