Risk management at heart of Prima Capital FoHF success
Fundana’s manager selection for the equity long/short equity FoHF Prima Capital emphasises control of downside risk with the focus firmly on managing risk rather than returns
As the father of value investing, Benjamin Graham, once said: “The essence of investment management is the management of risk, not the management of returns.” Or, in the words of Dariush Aryeh, who manages the $718 million equity long/short Prima Capital Fund: “There is always someone ahead of us but our goal is to manage risk, not return.”
Management of the fund of hedge funds (FoHF) firmly focuses on downside protection. “This is especially important in long/short equity where, if the drawdowns
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