Multi-manager vehicle
providing access to the best
Long/Short Equity Managers

Fund Description

Inception Date
April 1, 1993

Strategy
Long/Short Equity

Fund Assets
$495Mio

Fund Objectives:
Equity returns over a cycle with half of the volatility

Fund scope

The Fund is a multi-manager vehicle providing access to the best Long/Short Equity Managers. The portfolio is constructed by identifying and selecting long/short equity managers who use a fundamental bottom-up approach for their stock picking. This does not include short sellers, quantitative market neutral or statistical arbitrage.

The managers of the Prima Capital Fund use their extensive industry network to search for new talent. If these Hedge Funds prove to be adequately adapted to the current environment and generate top quality performance, they are allowed to grow within the portfolio. Once a Hedge Fund’s assets become too large, it is usually redeemed.

Typically, the portfolio will have 20 to 30 positions, with the top 10 representing between 50-80% of the NAV. The maximum position size allowed is 12% at market value. Most of the exposure comes from variable exposure managers, i.e. with a net market exposure which ranges between 20% and 50%.

Prima Capital Fund

  • March 24, 2023
  • USD Class A
  • EUR Class D
  • CHF Class C
  • GBP Class E

    Returns

    NAV MTD YTD 2022 2021 2020 2019 Since
    492.93 0.65% 2.86% -21.38% -1.43% 20.14% 11.83% Apr-93
    308.53 0.49% 2.10% -23.62% -2.42% 18.58% 8.44% Jul-04
    208.18 0.36% 1.77% -23.86% -2.58% 18.51% 8.14% Jan-03
    244.11 0.59% 2.49% -22.80% -1.82% 18.67% 9.63% Jan-13

    Fund Terms

    Liquidity: Monthly subscription with 2 business days notice.
    Monthly redemption with 35 days notice, no lock-up.

    Redemption Penalty: No

    Weekly NAV estimate: Yes

     

     

    Custody Bank
    Credit Suisse Luxembourg

    Administrator
    Credit Suisse Fund Services Luxembourg

    Auditor
    PwC Luxembourg

    Investment Manager
    Fundana S.A.

    Advisor
    DA Advisory S.A.

    Why Prima Capital Fund ?

    Long Track Record

    Prima Capital Fund, launched on April 1, 1993, has shown an excellent performance through all market conditions.

    A Wealth of Experience

    Fundana’s wealth of experience as an advisor in the fund of funds industry together with its proven bottom-up fund picking has resulted in a selection of 20-40 carefully chosen and superior hedge fund managers.

    Unparalleled Access

    Prima Capital Fund offers investors access to an outstanding selection of hedge fund managers, including a number of closed funds to which Fundana has privileged access.

    Effective Diversification

    Diversifying across the strategies minimizes the correlations on a manager and strategy level, creating a vehicle capable of strong performances in various financial market conditions, while maintaining low volatility levels.

    Favorable Liquidity

    The Prima Capital Fund offers monthly liquidity to investors, which improves the liquidity the clients would obtain by investing directly with certain of the underlying fund managers who have less favourable liquidity terms.

    Awards

    Reports

    Weekly NAV
    Monthly Report
    Factsheet
    Tax Reporting

    Codes

    •  
    • Class A - USD
    • Class C - CHF
    • Class D - EUR
    • Class E - GBP

    ISIN Bloomberg Telekurs CUSIP
    VGG7238P1062 PRMCAPI <EQUITY> 47700 G7238P 106
    VGG7238PAA45 PRMCAPC <EQUITY> 513948 G7238P AA4
    VGG7238P1146 PRMCAPD <EQUITY> 1865947 G7238P 114
    VGG7238P1229 PRMCAPE <EQUITY> 3364837 G7238P 122

    Prima Capital Fund

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    An investment in the Fund should be made only after careful study of the most recent Information Memorandum and the basic legal information contained therein. The Information Memorandum and/or the Annual Report are available on request from the Administrator and Transfer Agent of the Fund or, in Switzerland, from the Swiss Representative. This is your sole responsibility for assessing whether an investment in the Fund is suitable or appropriate in respect of your personal situation. No advice is provided by the Fund, its directors, agents and representatives. As a result, each prospective investor interested in investing in the Fund shall make its assessment based on his/her own resources and independent financial advice. This website shall not be used as a basis for investment decisions.

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