Frankfurt, 29th January 2020
For the first time, Prime Capital’s Gateway Target Beta UCITS Fund has been awarded an A manager rating by Citywire. It is the first UCITS absolute return fund launched by Prime Capital AG, a Frankfurt-based asset management company. Since the fund’s launch in September 2015, the quantitative investment team led by Werner Goricki has delivered first-class performance based on a successful absolute return strategy. The fund manager rating is based on Citywire’s absolute return methodology. Its ratings are awarded for a risk-adjusted outperformance and are linked to the fulfilment of certain risk and volatility criteria. Prime Capital is among the top 10% of fund management companies in Citywire’s alternative UCITS – multi strategy category.
“We are very excited about this award for Werner Goricki and the entire portfolio management team. For Prime Capital, the UCITS mutual fund business is still relatively new, but we expect to see rapid growth in this area in the coming years. The rating confirms that we have found an attractive solution in the absolute return segment,” says Andreas Kalusche, CEO of Prime Capital AG.
The fund’s strategy consists of two components: On the one hand, it allocates funds to global equity and credit markets (growth strategy), with a special focus on risk management. And on the other, it relies on a systematic, tactical and flexible approach for investing in stocks, credit markets, interest rates and currencies. The fund’s target return is 5%, with an average target volatility of 6% and an expected equity beta of 0.3 on average.
The fund’s asset management approach is particularly well-suited as a basic component for portfolios, and as a cost-effective way of diversifying existing portfolios.
About Prime Capital:
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. Furthermore, the company offers Asset Management Outsourcing and Access Solutions. Prime Capital was founded in 2006, currently employs more than 80 people in Frankfurt, Luxembourg and London and is regulated by BaFin and CSSF.
As of September 2019, Prime Capital has approximately EUR 15.3 bn Assets under Management, managed and administered.
For additional information, quotes or requests please contact:
Prime Capital AG
Tel: 0049 69 9686 984 35