Eisler Capital (MT) Ltd ("ECMT") in accordance with EU/2019/2088 (Regulation on sustainability disclosure in the financial services sector - SFDR) is required to publish information on its websites on:
- the integration of sustainability risks into the investment decision-making process (including Environmental, Social or Governance ("ESG") risks, as well as climate change and biodiversity risks); and
- how their remuneration policies are compatible with the integration of ESG risks (this information must also be provided in companies' remuneration policies).
At product level, ECMT is required to disclose.
- information in pre-contractual documents provided to investors, and in periodic reports, on how ESG risks are integrated into managers' investment decisions, and the likely impact of these risks on the returns of the financial instrument; and
- information in pre-contractual documents provided to investors, and in periodic reports, on whether the financial instrument integrates negative impacts on ESG factors.
This publication is made solely for the benefit of ECMT’s clients, Eisler Capital (UK) Ltd, the Eisler Capital Multi-Strategy Master Fund Ltd and Eisler Capital Opportunity Master Fund Ltd.
The Eisler Group's1 investment strategies for the Eisler Capital Funds2 do not have a specific sustainability investment objective and therefore do not prioritize environmental or social characteristics under the SFDR. As with the Group as a whole, ECMT employs a wide variety of investment strategies, and the relevant sustainability/ESG considerations vary according to these different strategies and the investment approaches of the different portfolio managers, noting that portfolio managers are expected to consider all relevant material factors when implementing their management strategy. As a result, ECMT does not incorporate a centralized ESG approach as part of its multi-strategy model, but Portfolio Managers may consider these factors.
For the reasons provided above, ECMT does not consider sustainability risks in its compensation system either.
No Consideration of Impact on ESG Factors
Apart from the above, in terms of the SFDR, ECMT is also required to publish, on its website, whether, and - if so - how, it considers the main negative impacts of its investment decisions on sustainability factors. At present, ECMT does not consider the main negative impacts of its investment decisions on sustainability factors, as the management strategies to which ECMT has been appointed do not provide for the consideration of such impacts.
Therefore, the main negative impacts on sustainability factors are also not considered in ECMT’s compensation system.
1 The term "Eisler Group" means Eisler Capital (UK) Ltd, its affiliated management companies and any related entities, and each entity identified as a sub-advisor within the offering documents of the Eisler Capital Funds.
2 Eisler Capital Multi-Strategy Master Fund Ltd and the Eisler Capital Opportunity Master Fund SPC their affiliated feeder funds and wholly owned subsidiaries, if any.