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

Prima Capital Fund
Fund Description

Inception Date
April 1, 1993

Main Strategy
Long/Short Equity

Fund Assets
$959Mio

Fund Objectives:
Outperform equities 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 bottomup approach for their stock picking. This does not include short sellers, quantitative market neutral or statistical arbitrage.

The portfolio managers of the 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 40 positions, with the top 10 representing between 50-70% of the NAV. The maximum position size allowed is 10% at cost (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

  • December 3, 2021
  • USD Class A
  • EUR Class D
  • CHF Class C
  • GBP Class E

Returns

YTD 2020 2019 2018 2017 2016 2015 2014 2013 Since
-2.83% 20.14% 11.83% -5.07% 11.13% -1.88% 3.43% 0.71% 15.66% Apr-93
-3.68% 18.58% 8.44% -7.68% 9.29% -3.10% 3.13% 0.45% 15.42% Jul-04
-3.81% 18.51% 8.14% -8.27% 9.01% -3.70% 2.30% 0.19% 15.45% Jan-03
-3.15% 18.67% 9.63% -6.76% 9.98% -2.44% 3.49% 0.83% 15.69% Jan-13

Fund Terms

Liquidity: Monthly subscription with 2 business days notice.
Monthly redemption with 35 days notice.

Redemption Penalty: No

Weekly NAV estimate: Yes

 

 

Custody Bank
Credit Suisse Luxembourg

Administrator
Credit Suisse Fund Services

Auditor
PwC Luxembourg

Investment Manager
Fundana 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

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