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EdR Prifund Alpha Uncorrelated Non-directional strategies

Non-directional strategies
Change in NAV (30/06/2017)
96.71 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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96.71 GBP
Change in NAV (30/06/2017)
3
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Risk and reward profile
Recommended holding period
Change in NAV (30/06/2017)
96.71 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 30/06/2017

Global financial markets posted mixed performances in June as the US Federal Reserve increased interest rates and equity market implied volatilities remained near historical lows. Most hedge funds posted positive performances extending further gains for the 8th consecutive month. Global equity markets were mixed, led by positive performance from Emerging Markets, Asian and US equities, and offsetting losses that came from European markets. Exposure to growth stocks did slightly better than value stocks. Healthcare and financial sectors were positive offset by losses in the energy and technology sectors. The greenback depreciated against all the major currencies, namely the EUR, JPY, GBP, CHF, as well as commodity related currencies AUD, NZD and CAD. The EUR appreciated against the major currencies. Oil prices extended sharp declines with other declines in natural gas, gold, silver, platinum offset by gains in wheat, soybeans, palladium and copper. In that context, our Event Driven managers were the best performers led by merger arbitrage exposure with one manager up +6.5% for the month. Special Situations ended the month in negative territory. Our Fixed Income & Credit managers were up mainly from relative value trading despite rising rates in the US during the month. Our Multi-Strategy managers were flat over the month, helped by an Event Driven exposure. Our Non-Directional Equity managers were slightly down over the month from systematic mean reverting and factor based strategies, with some offsetting gains by fundamental managers. Macro managers were negative over the month with declines in USD, oil and natural gas. Emerging Markets' exposure helped offsetting losses from currency and energy trading. Systematic trend following CTA strategies posted the steepest decline during the month from momentum exposure. At the end of the month, we have increased further the allocation to Event Driven (+0.5%) taking profits from Non-Directional Equity managers (-0.5%).

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Change in NAV

Chart – Base 100 (30/06/2017)
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 B-GBP Cumulative Annualised
Since 01/01/2017

1.21 %

0.13 %

1.21 %

0.13 %

1 Year

1.10 %

0.30 %

1.10 %

0.30 %

Since inception

-3.04 %

0.60 %

-1.93 %

0.38 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (B-GBP)

Market index

1.21 %

0.13 %

1.10 %

0.30 %

-3.04 %

0.60 %

Annualised

Share class (B-GBP)

Market index

1.10 %

0.30 %

-1.93 %

0.38 %

*Rolling periods

Annual performance



Statistics

VolatilitySharpe ratioMax. drawdownAlpha
Share class B-GBPMarket indexShare class B-GBPMarket indexShare class B-GBPMarket indexShare class B-GBPMarket index
1 Year*3.36 %0.06 %1.16 %-1.39 %0.22 %
3 Year *
Max. monthly gain Since inception0.80 %
Max. monthly loss Since inception-1.23 %
Share class B-GBP
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 3.36 % 0.06 %
Tracking Error
Sharpe ratio 1.16 %
Alpha 0.22 %
Max. monthly loss -1.23 %
Max. monthly gain 0.80 %
Max. drawdown -1.39 %

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)
6 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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