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EdR Prifund Alpha Uncorrelated Non-directional strategies

Non-directional strategies
Change in NAV (30/04/2017)
97.25 GBP
Alternative  investment committee–LU1252642126–
Alternative investment committee
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
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97.25 GBP
Change in NAV (30/04/2017)
3
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Risk and reward profile
Recommended holding period
Change in NAV (30/04/2017)
97.25 GBP
Risk and reward profile
1234567
Recommended holding period
Alternative investment committee  
 
The identity of the managers presented in this document may change during the life of the product.
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Investment objective

The objective of the Sub-Fund is to provide long-term optimum growth of your capital by investing in “alternative management” funds (hedge funds).

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Commentary 31/03/2017

March was another positive month for most hedge fund strategies since the US elections last November, concluding a strong first quarter for 2017. The US Federal Reserve increased US interest rates mid-month, yet the US dollar declined against most major currencies during the month. Global equity markets posted mixed results as US large caps and the energy sector suffered, whilst the European markets posted strong returns. Commodities declined led by oil, platinum, soybeans and copper, which were partially offset by appreciations in natural gas, palladium and aluminium. Gold declined slightly over the month. In that context, our Global Macro managers posted the strongest returns led by commodity trading over the month in energy, namely oil and natural gas, and in soybeans. One of our Macro managers outperformed particularly well over the month with gains of +11%. Our Multistrategy managers also performed well with gains in relative value and arbitrage strategies. Non-Directional Equity managers posted gains from mean reverting factor based strategies and fundamental low net exposure managers. Event Driven managers posted small gains from Special Situations and Merger Arbitrage, which were offset by distressed strategies. Fixed Income & Credit managers were flat over the month albeit rising rates. Our CTA managers posted a sharp decline in March from systematic trend-following programs that suffered trend reversals. At month-end, we have increased the allocation to CTA (+1.0%) and Non-Directional Equity managers (+0.5%), at the expense of a reduction in Multistrategy (-1.0%) and Fixed Income & Credit (-0.5%).

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Change in NAV

Chart – Base 100 (30/04/2017)
Avertissement
You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates


Performance

Performance B-GBP Cumulative Annualised
Since 01/01/2017 1.51 % 1.51 %
1 Year 1.20 % 1.20 %
Since inception -2.75 % -1.95 %
Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

1.51 %

1.20 %

-2.75 %

Annualised

1.20 %

-1.95 %



Fund information

Inception Date (Fund)
23/05/2001
Inception Date (Part)
30/11/2015
Legal form
SICAV
Market index
JPMorgan Cash Index GBP Currency 1 Month
Currency (fund)
USD
Currency (share class)
GBP
Distribution Policy
Distribution
Valuation frequency
Official Monthly / Technical Wednesday
ISIN Code
LU1252642126
AuM (fund)
8 M (USD)
Regulatory authority
CSSF
EU Regulation
AIFM
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild (Suisse) S.A.
Incorporation
Luxembourg
Maximum management fee
1,250 %
Current management fee
1.250 %
Subscription fee
5.00 % max
Redemption fee
3.00 % max

Fund documentation

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(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.

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