Fact sheet: Pictet PAF Distressed

Fund information
Fund name
Pictet PAF Distressed P USD
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund manager
  • Vincent Cadetsince 30/09/2013
Fund objective
The Sub-Fund seeks to achieve long-term, risk-adjusted capital appreciation by investing primarily in UCIs which are: Generically known as Hedge Funds, and pursuing mainly Distressed Securities strategies, and primarily managed by independent investment managers worldwide having the possibility of using alternative asset management strategies. However, the Investment Manager has the right to invest in UCIs pursuing and to a lesser extent, other types of strategies.
Benchmark
No data available.
Investment style
Discretionary Macro
Investment method
Mixed
Quick stats
1 Year return
-1.9%
1 Year rank in sector
72/126
Sector
FO Hedge/Stru Prod - Mixed
Yield
-
Fund size
£40m (£43m 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.
67
Top in this sector
Fund name1 Year
Veritas Global Real Return25.5%
Nordea 1 Alpha 1525.1%
La Fayette Holdings22%
Pimco GIS Stk Pl16.6%
Nordea 1 Multi-Asset16.2%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%4.8%8.9%-1.9%--
Sector-0.2%1%0.3%-0.7%5.8%7.2%
Rank within sector5 / 14014 / 1448 / 14172 / 126--
Quartile1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.3%-10%---
Sector-0.2%-0.6%5.1%1.4%1.9%
Rank within sector30 / 133111 / 115---
Quartile1st4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high104.36
52 week low95.77
Current bid price-
Current offer price-
Current mid price104.31
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 primarily in UCIs which are: Generically known as Hedge Funds, and pursuing mainly Distressed Securities strategies, and primarily managed by independent investment managers worldwide having the possibility of using alternative asset management strategies. However, the Investment Manager has the right to invest in UCIs pursuing and to a lesser extent, other types of strategies.
Benchmark
No data available.
Investment style
Discretionary Macro
Investment method
Mixed
Fund manager
NameSinceBiography
Vincent Cadet30/09/2013Vincent Cadet joined Pictet Alternative Investments in 2004 as an Analyst for event-driven strategies. Vincent's responsibilities extend past his analyst role to include the construction and optimisation of tailor-made portfolios. Prior to joining Pictet, Vincent was a hedge fund analyst for Barep Asset Management in Chicago. He started his career as a cost accountant and worked for several companies in the United States. Vincent graduated from Ecole Nationale Supérieure des Arts et Métiers and later from Ecole Supérieure de Commerce de Tours with a major in Finance.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Singapore
Pictet PAF Distressed 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)1.57%
Bid price-
Offer price-
Mid price101.17
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0WB
Pictet PAF Distressed 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)1.57%
Bid price-
Offer price-
Mid price102.64
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0WC
Pictet PAF Distressed 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)1.69%
Bid price-
Offer price-
Mid price100.82
CurrencyCHF
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJXF
Pictet PAF Distressed 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)1.69%
Bid price-
Offer price-
Mid price102.29
CurrencyEUR
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJXG
Pictet PAF Distressed 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 codeFJXH
Pictet PAF Distressed 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)1.57%
Bid price-
Offer price-
Mid price104.66
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0WD
Pictet PAF Distressed 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)1.69%
Bid price-
Offer price-
Mid price104.31
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJXE
Pictet PAF Distressed Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.25%
Bid price-
Offer price-
Mid price111.09
CurrencyUSD
Price updated31/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOLK
Data provided by

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