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EdR Prifund Alpha Uncorrelated Non-directional strategies

Non-directional strategies
Change in NAV (31/08/2017)
97.03 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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97.03 GBP
Change in NAV (31/08/2017)
3
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Risk and reward profile
Recommended holding period
Change in NAV (31/08/2017)
97.03 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.
Contact

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 31/08/2017

Global financial markets posted mixed performances in August, as intra-month volatility increased as a result of escalating geopolitical tensions regarding North Korea, whilst energy commodity markets were impacted by Hurricane Harvey. Global equity markets were mixed with gains in the technology and healthcare sectors, offset by declines in commodities, notably energy names. EM posted positive gains from LATAM, Russia and China. The US Dollar declined against major currencies, with the exception of the British Pound. Commodities were also mixed with declines in oil and agricultural which sold off, while gold, natural gas, aluminium and copper appreciated.In that context, all our Hedge Fund strategies posted positive gains for the month, led by equity and trend-following exposures. Our CTA managers led performances with gains from systematic trend-following. Macro managers generated profits, notably through currency, commodity and EM trading, despite rising geopolitical tensions and Hurricane Harvey. Non-Directional Equities posted stable positive returns from mean reverting factor based strategies and fundamental market neutral managers. Multi-Strategy managers were also positive from relative value trading and arbitrage. Event-Driven strategies produced a narrow gain for the month from Special Situations and various M&A deals. Fixed Income & Credit managers were slightly positive from relative value arbitrage strategies.At the end of the month, we have increased further the allocation to Non-Directional Equities (+3.0%), Fixed Income & Credit (+1.0%) and Event Driven (+1.0%), and we took profits from our exposure to CTA (-3.5%) and Macro (-1.5%).

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Change in NAV

Chart – Base 100 (31/08/2017)
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

1.54 %

0.17 %

1.54 %

0.17 %

1 Year

1.46 %

0.26 %

1.46 %

0.26 %

Since inception

-2.72 %

0.64 %

-1.56 %

0.37 %

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

Share class (B-GBP)

Market index

1.54 %

0.17 %

1.46 %

0.26 %

-2.72 %

0.64 %

Annualised

Share class (B-GBP)

Market index

1.46 %

0.26 %

-1.56 %

0.37 %

*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*3.39 %0.01 %6.35 %-0.85 %3.17 %
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 3.39 % 0.01 %
Tracking Error
Sharpe ratio 6.35 %
Alpha 3.17 %
Max. monthly loss -1.23 %
Max. monthly gain 0.80 %
Max. drawdown -0.85 %

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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