StarCapital Long/Short Allocator

Invest in the full range of global capital markets based on an active, counter cyclical absolute return approach

Additional asset classes such as bonds and commodities/precious metals serve for diversification and as a further source of return 

By selling index futures (short), the equity market risk is managed

Please select a share class.

Please find a more detailed description of share classes here.

Investment Focus

ISIN-No. LU0425811519

The StarCapital Long/Short Allocator is a global multi-asset fund with a long/short approach. On the equity side, the fund benefits from both rising prices (long exposure) and falling prices (short exposure).

Indexed performance (as at: 22.10.2021)

NAV: EUR 141.18 (21.10.2021)


Fonds (Brutto)
01 Jan 2010 - 01 Jan 2010
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Rolling performance (21.10.2021)

A-EURBenchmark
21.10.2020 - 21.10.20216.20%n.a.
21.10.2019 - 21.10.2020-5.29%n.a.
21.10.2018 - 21.10.2019-0.51%n.a.
21.10.2017 - 21.10.2018-3.02%n.a.

Annualized performance (21.10.2021)

A-EURBenchmark
1 year6.20%n.a.
3 years0.02%n.a.
5 years1.65%n.a.
Since Inception p.a.2.89%n.a.

Cumulative performance (21.10.2021)

A-EURBenchmark
1M4.33%n.a.
YTD2.89%n.a.
1 year6.20%n.a.
3 years0.07%n.a.
5 years8.56%n.a.
Since Inception41.32%n.a.

Annual performance

A-EURBenchmark
2020-5.29%n.a.
20198.61%n.a.
2018-9.74%n.a.
201710.90%n.a.

Investment Focus

The StarCapital Long/Short Allocator is a global multi-asset fund with a long/short approach. On the equity side, the fund benefits from both rising prices (long exposure) and falling prices (short exposure). On the long side, the selection process for equities is carried out actively and with a view to exploiting undervaluations of individual equities on the international markets. The short side is used to hedge the equity portfolio. It is effected through the sale of futures contracts. The aim is to achieve a net equity ratio of 40%. The equity quota is actively managed in order to reduce the loss potential in negative market phases. In order to optimise the overall result, the multi-asset fund can also use bonds and precious metals.Show moreShow less

Investment suitability & Risk

Low risk

High risk

The fund is suitable as a core investment vehicle for investors with a long-term horizon seeking a well-diversified investment vehicle with an emphasis on equities and who are willing to tolerate temporarily higher volatility in the pursuit of above-average returns.

General Information

Investment ManagerStarCapital AG
CustodianDZ PRIVATBANK S.A.
Fund AdministratorIP Concept (Luxemburg) S.A.
AuditorPriceWaterhouseCoopers
Launch date01.09.2009
Year end closing31. Dec
NAV CalculationDaily "Forward Pricing"
Cut of time15:00 CET
Management Fee1.20%
Subscription Fee (max.)3.00%
ISIN numberLU0425811519
BloombergSTARPAE LX
WKNA0RMX2
Total expense ratio (TER)1.83% (31.12.2018)

Legal Information

Legal formFCP
Redemption periodDaily

Past performance is not a reliable indicator of future results and can be misleading. As the subfund is denominated in a currency that may differ than an investor’s base currency, changes in the rate of exchange may have an adverse effect on prices and incomes. Performance is shown net of fees and expenses for the relevant share class over the reference period. All performance figures reflect the reinvestment of dividends and do not take into account the commissions and costs incurred on the issue and redemption of shares, if any. Individual costs are not taken into account and would have a negative impact on the performance. With an investment amount of EUR 1,000 over an investment period of five years, the investment result in the first year would be reduced by the front-end load of up to EUR 50 (5%) as well as by additional individual custody charges. In subsequent years, the investment result would also be reduced by the individual custody account costs incurred. The reference benchmark of this class is used for performance comparison purposes only (dividend reinvested). No benchmark is directly identical to a subfund, thus the performance of a benchmark is not a reliable indicator of future performance of the subfund it is compared to. There can be no assurance that a return will be achieved or that a substantial loss of capital will not be incurred.Show moreShow less

  • Portfolio Manager

    Manfred Schlumberger

    Dr. Manfred Schlumberger joined StarCapital's Management Board in 2018 and has also been acting as Head of Portfolio Management since 2019. In addition to his position as Chief Investment Officer at Berenberg Joh. Beremberg, Gossler & Co. KG, his career also shows activities as Spokesman of the Executive Board (BHF TRUST) and General Representative at Frankfurter Volksbank eG. He also holds a doctorate in economics (Dr.rer.pol.).
  • Portfolio Manager

    Simon Westendorf

    Simon Westendorf joined StarCapital as a portfolio manager in 2018. Prior to that, he was a Graduate Trainee at Deutsche Bank in Asset Management. He holds a Master of Science in Management (Finance and Accounting).
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