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
$654Mio

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

  • August 5, 2022
  • USD Class A
  • EUR Class D
  • CHF Class C
  • GBP Class E

Returns

NAV YTD 2021 2020 2019 2018 2017 Since
506.18 -16.96% -1.43% 20.14% 11.83% -5.07% 11.13% Apr-93
324.31 -18.02% -2.42% 18.58% 8.44% -7.68% 9.29% Jul-04
220.03 -18.10% -2.58% 18.51% 8.14% -8.27% 9.01% Jan-03
254.54 -17.50% -1.82% 18.67% 9.63% -6.76% 9.98% 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

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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The information contained in this website is provided by Prima Capital Fund Ltd (the “Fund”). All details published on this website are for informational purposes only. The information that is accessible via this website does not constitute advertising, a quotation, or a recommendation or an offer to sell or a solicitation to acquire shares of the Fund (the “Shares”).

Restriction of access

This website contains information concerning the Fund whose Shares are not available in any jurisdiction to retail investors and cannot be publicly offered outside of the British Virgin Islands. The Shares can only be offered on a private placement basis to sophisticated investors, who have sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in this type of alternative investment fund. Furthermore, the Shares may not be acquired directly or indirectly for the account or benefit of a United States Person ("U.S. Person") or Prohibited Person (as these terms are defined below). Transfers of Shares to or for the benefit of a U.S. Person or a Prohibited Person are prohibited. "U.S. Person" means: • a “United States person" as described in section 7701(a)(30) of the U.S. Internal Revenue Code of 1986, as amended (the "Code"), • a “U.S. person” as such term is defined in Regulation S of the Securities Act of 1933, as amended, • a person that is “in the United States” as defined in Rule 202(a)(30)-1 under the U.S. Investment Advisers Act of 1940, as amended, or • a person that does not qualify as a “Non-United States Person” as such term is defined in U.S. Commodities Futures Trading Commission Rule 4.7. “Prohibited Person” means: Any person, firm, company or other entity whose holding of shares may either alone or together with other shareholdings in the sole and conclusive opinion of the Directors of the Fund : • prejudice the tax status or residence of the Fund, or any of its members; or • cause the Fund or any of its members to suffer any pecuniary, fiscal or regulatory disadvantage; or • cause the Fund to be required to comply with any registration or filing requirements in any jurisdiction with which it would not otherwise be required to comply.

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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.

Performance

The future performance of an investment cannot be deduced from previous value since the investment may fall as well as rise. In addition, investments in foreign currencies are subject to exchange rate fluctuations. Thus, the investor may not get back the amount invested.

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