+++ Prime Capital launches new Fund of Hedge Funds with PCAM Select – value add through successful manager selection and active risk management +++
Frankfurt, 3. August 2018
Prime Capital AG, the independent asset manager and financial services provider, has launched PCAM Select, a new multi-strategy fund of hedge funds.
PCAM Select expands Prime Capital’s absolute return offering and follows the highly successful PCAM Blue Chip Ltd., which was launched in 2007 and has been hard-closed since the end of 2017 after reaching an investment volume of approximately USD 850 million.
PCAM Select’s underlying portfolio currently comprises 16 target funds that invest across the entire strategy spectrum. Up to 25% of the capital is invested in medium-sized, agile managers, while the majority of the capital is invested in established blue chip managers.
“PCAM Select is another example of our many years of expertise in putting together risk-return-optimized portfolios with hedge funds,” explains Dr. Werner Goricki, board member and CIO. “The fund offers institutional investors efficient access to a broad and robust strategy mix with clear return targets. In addition to the proven large managers, we have included selected smaller, focused hedge fund managers in order to further optimize performance. PCAM Select is therefore suitable for stabilizing and diversifying portfolios with very low beta to the equity market”.
“The launch of PCAM Select is an important step in expanding our product range in the absolute return segment. Interested investors will also be able to look forward to further products from our company in the future, also in the area of highly liquid investment strategies,” adds Andreas Kalusche, board member and Head of the Client Solutions Team.
The fund aims for an annual net return of 7 – 8% with a volatility of 4 – 5%. The fund has the legal form of a Luxembourg SICAV, charges a management fee of 0.5% p.a. and a performance fee of 5%.
PCAM Select was launched on 1. August 2018, with an initial capital of approximately USD 60 million. Based on existing capital commitments from various investors, the fund volume is expected to reach at least USD 125 million by the end of the year.
An investment in PCAM Select is reserved for professional investors and semi-professional investors within the meaning of section 1 (19) nos. 32 and 33 of the Kapitalanlagegesetzbuch (KAGB). The Fund may not be distributed to retail investors within the meaning of section 1 (19) no. 31 of the KAGB.
About Prime Capital
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Prime Capital AG is an independent asset management firm and financial services provider, focusing on institutional clients. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure Investments and Private Debt. The company also offers asset management outsourcing. Prime Capital was founded in 2006, currently employs more than 75 people in Frankfurt, Luxembourg and London and is regulated by BaFin, CSSF and FCA. As of March 2018, Prime Capital has approximately EUR 10.4 bn Assets under Management, managed and administered.
For further information, quotes or interview requests please contact:
Prime Capital AG
Andreas Kalusche, Vorstand
Tel: 0049 69 9686 984 36
andreas.kalusche@primecapital-ag.com