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Alternative Market Briefing

Prime Capital squarely faces all manner of hedge fund sizes and strategies

Thursday, July 08, 2021

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Dr. Werner Goricki
B. G., Opalesque Geneva:

Opalesque has just called on Prime Capital, one of the large independent alternative asset managers in Germany, for a Virtual Manager Visit. With more than €10bn (US$11.8bn) in alternative assets, Prime Capital has managed to return roughly 7% annually (net) through its three strategies: a flagship portfolio of blue-chip hedge funds, a specialised hedge fund portfolio and a niche alternative credit hedge fund portfolio. The manager claims its underlying hedge funds have been faring well in the current market.

"We are in the late stage of a very long bull market for both equities and bonds," says Dr. Werner Goricki, CIO. "This has led to very high valuations in most asset classes, and this leads to high uncertainty with volatility and dispersion. Usually, such times of uncertainty are the best environment for hedge funds to play out their advantages, and we at Prime Capital have a unique track-record of resilience in such difficult markets."

The soccer analogy

Prime's secret of the sauce is in the combination of three types of approaches.

"When I started my career, I always laughed about the people who said, you need to combine top-down approach with a bottom-up approach," says Tilo Wendorff, Head of Absolute Return. "I said, just find the best 10 managers, combine them, and you have the best portfolio. But that's similar to soccer. If you......................

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