Primores AG has launched the PrimFund Opportunity Segregated Portfolio, a fund consisting of leading high absolute return fund of hedge funds with exclusive opportunities.
The fund follows the successful launch of PrimFund Growth last year, a best of breed of high return and leveraged funds of hedge funds.
Established as a Cayman Islands segregated portfolio company, PrimFund Opoprtunity offers institutions and high net worth investors access to a selected portfolio which utilizes Primores' core expertise to capitalize on unique opportunities within the fund of hedge funds universe. The fund offers separate USD as well as EUR and CHF currency-hedged tranches, but is not available to US investors.
Designed to produce consistent mid-teen returns over an economic cycle, the fund offers an outstanding opportunity for the discerning investor who wishes to attain superior returns while limiting the downside risk. Primores believes it is a unique blend of the most exclusive opportunities within the fund of hedge funds industry.
The costs are 0.5% management with a 10% performance fee.
David Sassoon, Chairman of Primores AG, said:
'I'm happy that we now can offer our clients an even broader range of products. PrimFund Opportunity will complete our solutions in the higher return region. Based on our approach the risks remain far below what one would expect from an opportunistic portfolio.'
'Investments for PrimFund Opportunity can include offshore seeding of onshore funds at preferential terms, allocation to younger performance-oriented funds managed by seasoned teams, investments into less liquid strategies offering access to non mainstream strategies with excellent return potential as well as special situation investments like pari-passu investing or levered structures to enhance yield,' says Remo Kraenzlin, Managing Partner of Primores AG.
Armin Vogel, Managing Partner of Primores AG, adds: 'This fund will be based on the same principles that we have used for our other funds. The essential difference will be that PrimFund Opportunity will have a much broader investment mandate and will be very opportunities oriented. PrimFund Opportunity will seek to invest in the most compelling ideas that we encounter targeting high absolute mid teen returns and at the same time benefit from high risk adjusted performance measures.