Edmond de Rothschild

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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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EdR Prifund Alpha Uncorrelated Non-directional strategies

Non-directional strategies
Change in NAV (31/03/2019)
217.02 USD
Alternative  investment committee–LU0129763487–
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)
1234567
217.02 USD
Change in NAV (31/03/2019)
4
1234567
Risk and reward profile
Recommended holding period
Change in NAV (31/03/2019)
217.02 USD
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 28/02/2019

Equity markets continued their second month of recovery in February after December lows, however to a more modest extent. The MSCI World Index gained +2.8%, while the S&P 500 Index was up +3.0%. Catalysts for positive moves in the equity markets included U.S. government shutdown resolution, conciliatory rhetoric on trade tariffs and a dovish tone by global central banks, particularly in the US where Jerome Powell stated on February 27th the Fed will stop reducing the balance sheet. In the US, consumer confidence increased, jobless claims dropped, and actual job growth remained strong. The big winner in February on the equity side was the Shanghai Composite gaining 13.9%, having benefitted from China's loosening policy. Emerging markets in general were not as positive with the MSCI EM Index up 0.1%. Contributions from China were partially offset by declining markets in Brazil, India and Russia. European equities fared well during February; the MSCI Europe Index gained +3.3%, as a rise of the composite PMI for the Eurozone surprised positively. On the fixed income side, sovereign bond markets were muted on the back of an improved risk environment. Furthermore, some commodities fared well, in particular, oil and base metals. Brent gained +6.7%. Gold finished slightly lower (-0.6%).In that context, hedge funds were up (HFRX Global Hedge Fund Index 0.6%), led mainly by Equity Long/Short strategies (HFRX Equity Hedge Index +1.2%). Our fund had mixed results, finishing down 31bp for the month, and up 21bp YTD. Non directional equities had a flattish month, with most managers in positive territory, between +2.65%, by a systematic market neutral AI based manager, to +0.2%, and three managers slightly negative, between -1.6% and-0.7%. The Multistrategy managers had a positive month between +1.2% and +0.5%, best contributor for the month. Event Driven managers were slightly positive, with one manager outperforming his peers, up 3.2%, offset by small losses of 2 other managers. CTAs were flat as a group with one fund offsetting the other manager's losses. Macro managers had the worst performance, driven down by two commodity centered managers that continued to suffer.

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Change in NAV

Chart – Base 100 (31/03/2019)
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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-USD Cumulative Annualised

-1.09 %

2.23 %

1.18 %

1.35 %

0.47 %

0.89 %

Since inception

122.77 %

33.71 %

4.59 %

1.64 %

Since 01/01/2019 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (B-USD)

Market index

122.77 %

33.71 %

Annualised

Share class (B-USD)

Market index

-1.09 %

2.23 %

1.18 %

1.35 %

0.47 %

0.89 %

4.59 %

1.64 %

*Rolling periods

Annual performance



Fund information

Inception Date (Fund)
23/05/2001
Inception Date (Part)
23/05/2001
Legal form
SICAV
Market index
JPMorgan Cash Index US Dollar Currency 1 Month
Currency (fund)
USD
Currency (share class)
USD
Distribution Policy
Distribution
Valuation frequency
Official Monthly / Technical Wednesday
ISIN Code
LU0129763487
AuM (fund)
396 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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