Fact sheet: PAF World Equity Hdg

Fund information
Fund name
PAF World Equity Hedge R USD
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Anne-Marie Mossesince 21/06/2013
  • Jean-Pierre Selvaticosince 21/06/2013
Fund objective
The Sub-Fund seeks to achieve long-term, risk-adjusted capital appreciation by investing substantially all of its assets in UCIs which are generically known as Hedge Funds, primarily managed by independent investment managers worldwide having the possibility of using alternative asset management strategies.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
-7.6%
1 Year rank in sector
90/106
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Fund size
£354m (£411m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
63
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS22.7%
Income Partners AllSeasnAsCred18.7%
Ennismore Eurpn Smallar Cos18.4%
BlackRock SF Asia Extnn17.2%
Majedie Tortoise16.8%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%-0.8%1.3%-7.6%8.1%17.5%
Sector0.4%1.2%1.3%-1.1%5.4%15.8%
Rank within sector50 / 12081 / 12249 / 11690 / 10637 / 7527 / 53
Quartile2nd3rd2nd4th2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-6.1%3.3%1.6%21.4%3.9%
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector86 / 11247 / 10044 / 8115 / 7241 / 59
Quartile4th2nd3rd1st3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.5
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
6.43
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.39
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.22
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.6
Price movement
52 week high144.2
52 week low132.6
Current bid price-
Current offer price-
Current mid price135.27
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The Sub-Fund seeks to achieve long-term, risk-adjusted capital appreciation by investing substantially all of its assets in UCIs which are generically known as Hedge Funds, primarily managed by independent investment managers worldwide having the possibility of using alternative asset management strategies.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Fund managers
NameSinceBiography
Anne-Marie Mosse21/06/2013Anne-Marie Mosse is Hedge Fund Analyst at Pictet & Cie, based in Geneva Area, Switzerland. She joined Pictet in January 2008. Prior to that, she worked as HF Analyst at Heritage Bank & Trust for 13 years. She studied at Ecole Supérieure de Gestion.
Jean-Pierre Selvatico21/06/2013Jean-Pierre Selvatico joined Pictet Alternative Investments in 2010 as a senior hedge funds analyst and portfolio manager. He is Head of Hedge Funds and is a member of the Investment Committee. Prior to joining Pictet, Jean-Pierre was a managing director at Barclays Capital in London in charge of the European interest rate option desk. He started his career in 1993 at JP Morgan London as a quantitative researcher and then moved to the interest rate swaps market-making desk. From 1997 to 2000 he managed the Dollar option desk for JP Morgan in New-York. Prior to joining Barclays Capital in 2004, he worked at Credit Suisse First Boston in London from 2002 to 2004. Jean-Pierre graduated from Ecole Polytechnique in Paris and later from Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE).
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Singapore
PAF World Equity Hedge HI CHF
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price134.72
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3P1
PAF World Equity Hedge HI EUR
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price97.79
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3P2
PAF World Equity Hedge HJ CHF
Initial charge3.5%
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price139.42
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3O9
PAF World Equity Hedge HJ EUR
Initial charge3.5%
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price101.12
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3P0
PAF World Equity Hedge HP CHF
Initial charge3.5%
Annual charge1.4%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price134.26
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJWH
PAF World Equity Hedge HP EUR
Initial charge3.5%
Annual charge1.4%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price97.45
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJWI
PAF World Equity Hedge HP GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJWJ
PAF World Equity Hedge HR CHF
Initial charge3.5%
Annual charge1.9%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price126.29
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3P3
PAF World Equity Hedge HR EUR
Initial charge3.5%
Annual charge1.9%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price91.69
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3P4
PAF World Equity Hedge HZ CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.21%
Bid price-
Offer price-
Mid price141.67
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOIS
PAF World Equity Hedge HZ EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.21%
Bid price-
Offer price-
Mid price91.84
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOIL
PAF World Equity Hedge I USD
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price144.22
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3P6
PAF World Equity Hedge J USD
Initial charge3.5%
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price149.15
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3P5
PAF World Equity Hedge P USD
Initial charge3.5%
Annual charge1.4%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price143.72
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJWG
PAF World Equity Hedge R USD
Initial charge3.5%
Annual charge1.9%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.07%
Bid price-
Offer price-
Mid price135.27
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3P7
PAF World Equity Hedge Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.17%
Bid price-
Offer price-
Mid price129.08
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOIK
Data provided by

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