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EdR Prifund Alpha Uncorrelated (CHF) Non-directional strategies

Non-directional strategies
Change in NAV (30/09/2017)
115.98 CHF
Alternative  investment committee–LU0321436015–
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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115.98 CHF
Change in NAV (30/09/2017)
3
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Risk and reward profile
Recommended holding period
Change in NAV (30/09/2017)
115.98 CHF
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 30/09/2017

Global financial markets gained in September as US equities appreciated led by small cap equities and European equities gained led by Germany, France and Italy. Japanese equities were also positive in Asia. The US Dollar gained against most major currencies such as the EUR and JPY, but fell sharply against the British Pound. US interest rates slightly increased and European bond yields rose. As for commodities, energy surged led by oil, and agricultural commodities had mixed performances led by wheat and soybean. Natural gas declined and metals lost ground led by platinum. In that context, our Hedge Funds were slightly positive led by Macro managers, Fixed Income & Credit and Multi-Strategy managers. Our Macro managers had the strongest performance from exposure to Emerging Markets and currency trading the USD against the JPY, EUR and GBP. They also traded oil successfully. Our Fixed Income & Credit managers were up from Relative Value Fixed Income trading as volatility declined and global yields increased. Our Multi-Strategy managers were also up for the month from Relative Value trades in Fixed Income and some distressed exposure. Our Event Driven managers were slightly positive from Special Situations equity managers and Merger Arbitrage deals, notably with exposure to positions such as Altaba/Yahoo, Alibaba, Time Warner, Amazon/Whole Foods. Non-Directional Equity managers were slightly down from mixed performances in mean reverting models, factor based strategies and fundamental market neutral managers. Our CTA managers were down for the month from systematic trend-following managers mainly that lost money on directional trading in Fixed Income and currencies. Systematic Macro managers and diversifying models helped to mitigate losses from our CTA bucket. At the end of the month, we have increased further the allocation to Non-Directional Equities (+2.0%), and reduced the allocation to Macro (-1.5%) and Multistrategy managers (-1.0%).

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Change in NAV

Chart – Base 100 (30/09/2017)
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 H-CHF Cumulative Annualised
Since 01/01/2017

0.94 %

-0.60 %

0.94 %

-0.60 %

1 Year

1.18 %

-0.80 %

1.18 %

-0.80 %

3 Year

-3.25 %

-2.12 %

-1.09 %

-0.71 %

5 year

11.71 %

-2.12 %

2.24 %

-0.43 %

Since inception

15.98 %

1.16 %

1.50 %

0.12 %

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

Share class (H-CHF)

Market index

0.94 %

-0.60 %

1.18 %

-0.80 %

-3.25 %

-2.12 %

11.71 %

-2.12 %

15.98 %

1.16 %

Annualised

Share class (H-CHF)

Market index

1.18 %

-0.80 %

-1.09 %

-0.71 %

2.24 %

-0.43 %

1.50 %

0.12 %

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
23/05/2001
Inception Date (Part)
24/10/2007
Legal form
SICAV
Market index
JPMorgan Cash Index Swiss Franc Currency 1 Month
Currency (fund)
CHF
Currency (share class)
CHF
Distribution Policy
Accumulation
Valuation frequency
Official Monthly / Technical Wednesday
Minimum initial investment
1000000.00 CHF EQ EUR
ISIN Code
LU0321436015
AuM (fund)
111 M (CHF)
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
0,625 %
Current management fee
0.625 %
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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