Our product offering
Managing mutual funds is our core business. We specialise in the management of active equity and liquid alternatives for private and institutional investors. We continuously review and develop our investment methods in line with the latest scientific findings.
We offer all FIRST PRIVATE funds via private banks, cooperative banks and savings banks, in addition to several financial service providers.
What we offer:
- Active investments
- Systematic, comprehensible investment processes
- Transparent reporting
- Institutional fund share classes
- Fund share classes for private clients
- Funds in different risk categories
Liquid alternatives
Our liquid alternatives strategies aim to generate sustainable returns that are – as far as possible – independent of the market, while at the same time limiting risk.
The FIRST PRIVATE multi-strategy approaches rethink the concept of diversification. We see the allocation of strategies and ideas from a wide range of asset classes as a modernisation of the traditional multi-asset approach.
In our view, successful asset management must be based on investment strategies that generate returns regardless of interest rates or the market enviroment. The overall aim is to make your portfolio more robust.
stable returns
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Investment strategy
The market-neutral UCITS fund First Private Systematic Merger Opportunities invests globally in equities involved in corporate takeovers and mergers.
The strategy is based on proven methods of artificial intelligence.
Unlike the majority of typically discretionary merger arbitrage funds, First Private Systematic Merger Opportunities uses quantitative methods to identify patterns in successful and unsuccessful acquisitions.
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Dr. SEBASTIAN WENZPortfolio Manager9years experience in the investment industrySince2016with
FIRST
PRIVATEDr. Sebastian Wenz works as a Portfolio Manager in the Multi-Strategy unit of FIRST PRIVATE. He is responsible for the development and implementation of event-driven investment strategies across different asset classes – including Cross Asset-Strategies. Before joining FIRST PRIVATE, Dr. Sebastian Wenz gained first professional experience in working student programs at international investment banks. He studied mathematics at the Technische Universität Darmstadt and obtained his doctorate in business mathematics with focus on capital market research.Dr. SEBASTIAN WENZ
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- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
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Investment strategy
The First Private Helix pursues a market-neutral strategy based on international equity index futures.
The idea of the First Private Helix is based on well-documented, scientific findings on the so-called “reversal effect”. Stock markets behave inefficiently for short periods of time – rise or fall too sharply and then correct this movement.
The strategy uses exaggerated stock market corrections as an entry signal to build up a long position (purchase of stock index futures). At the same time, a short position is built up in a less strongly fallen or risen market. In sum, the portfolio is permanently market-neutral.
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- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
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Investment strategy
The long/short UCITS fund First Private Systematic Commodity is using a rule-based quantitative strategy, which has been proven over several years and which invests diversified in 14 different commodities. The fund aims to achieve attractive, uncorrelated returns that are independent of traditional asset classes.
In First Private Systematic Commodity, the commodity market is mainly covered by swaps. Important criteria for selection include seasonal patterns, the shape of the commodity forward curves (positioning on the curve) or the price momentum of the various commodity categories. To limit the risk of the portfolio, the allocation is always adjusted so that the expected volatility level does not exceed a defined maximum value.
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Christian Schuster, CFASenior portfolio manager22years experience in the investment industrySince2005with
FIRST
PRIVATEChristian Schuster works in the Multi-Strategy unit of FIRST PRIVATE in his role as a senior portfolio manager. He is responsible for developing and implementing market-neutral investment strategies – including cross-asset strategies – in various asset classes such as commodities, fixed income and equities. His professional career includes previous posts at banks and single family offices, where he oversaw the development and implementation of multi-asset and absolute return strategies. Christian holds a degree in business management from the University of Hamburg.Christian Schuster, CFA -
- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
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Investment strategy
First Private Wealth is an active and broadly diversified multi-strategy fund. The multi-strategy approach aims to achieve compelling returns across various market phases and reduce the dependency on bonds.
Unlike conventional balanced funds, First Private Wealth invests not only in equities and bonds, but also in alternative assets such as currencies and commodities as well as market-independent alpha strategies. To this end, the fund management follows a systematic investment approach to identify promising asset classes and securities using a combination of quantitative models and fundamental research. The portfolio is hedged against sharp fluctuations on an ongoing basis.
This fund takes advantage of carefully selected opportunities in tandem with hedging against market turbulence. As a result, it offers compelling return prospects while limiting risk.
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1 year p.a. 3 years p.a. 5 years p.a. since inception p.a. First Private Wealth -13.26% -5.08% -2.33% 2.51% Morningstar Peergroup Mischfonds defensiv -0.09% 1.03% 1.35% 2.79% Stand: 31.08.2020 | First Private Wealth A | Auflagedatum: 25.11.2008 -
Martin Brückner, CFACIO | PartnerHead of portfolio management20years experience in the investment industrySince1999with
FIRST
PRIVATEAs chief investment officer and founding partner, Martin Brückner is responsible for all investment processes and for implementing investment strategies. In addition, as the responsible portfolio manager he takes charge of development and quality assurance for the multi-strategy concepts. Martin has acquired extensive experience in portfolio management at major investment houses. As well as holding a degree in business administration, he studied business information technology at the European Business School and holds a bachelor's degree in computer science from James Madison University.Martin Brückner, CFA -
- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
Equity funds
Our equity strategies are designed with the aim of achieving sustainable added value versus standard benchmark indices and passive investment approaches that is as independent of the market environment as possible.
The FIRST PRIVATE equity processes are based on the systematic, bottom-up selection of the most attractive individual stocks. Our approach predominantly draws on the quantitative and systematic evaluation of fundamental (balance sheet) ratios.
Our portfolios focus on broad diversification, consistently limiting the proportion accounted for by individual shares. The key prerequisite for investment success is the disciplined implementation of the investment processes outlined. The overall aim is to make your portfolio more robust.
Broad diversification
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Investment strategy
First Private Euro Dividenden STAUFER is an active equity fund that is fully invested at all times, pursuing an investment approach independent of any benchmark. The dividend-oriented fund aims to achieve substantial excess returns compared to the EURO STOXX 50 equity index.
The rule-based stock selection process ascribes great importance to a robust dividend yield and a shareholder-friendly distribution policy. The concept incorporates an impressively sophisticated blend of valuation and dividend filters. Building on a quantitative screening process, the fund invests in 40 to 60 of the most promising and robust dividend stocks in the eurozone.
All in all, this multi-award winning fund offers substantial outperformance potential versus both its benchmark and passive dividend offerings.
Morningstar 4 Sterne
TELOS AAA- 2019
Fund Award 2018
Fund Award 2020
2016 Thomson Reuters Lipper Fund Awards
Citywire - Best fund group 2018
TOP 10% VaR 10 Jahre
TOP 10% Sharpe Ratio 10 Jahre
TOP 10% Rendite 10 Jahre -
1 year p.a. 3 years p.a. 5 years p.a. since inception p.a. First Private Euro Dividenden STAUFER -4.58% -2.33% 1.42% 4.94% EuroStoxx 50 Total Return -2.46% 1.01% 2.64% 4.02% Stand: 31.08.2020 | First Private Euro Dividenden STAUFER A | Auflagedatum: 24.11.1997 -
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Sebastian Müller, CFASenior portfolio manager16years experience in the investment industrySince2005with
FIRST
PRIVATEAs a senior portfolio manager, Sebastian Müller is responsible for developing and implementing European and global dividend strategies. His expertise lies in combining fundamental equity analysis with the development of quantitative investment methods. Before joining FIRST PRIVATE, Sebastian acquired initial professional experience while working at a bank as part of his studies. He holds a degree in business administration from Hochschule Wismar, University of Applied Sciences, Technology, Business and Design.Sebastian Müller, CFATobias Klein, CFACEO | PartnerHead of Investment28years experience in the investment industrySince1996with
FIRST
PRIVATETobias Klein is chief executive officer and a founding partner of FIRST PRIVATE. As Head of Investment, he is responsible for portfolio management and quantitative research. Over the course of his 25-year career to date, Tobias initially worked for two leading international asset managers. Since 1996, he has set benchmarks in quantitative asset management at FIRST PRIVATE. The firm's European equity funds have received numerous awards under his management. Tobias holds a degree in business engineering from the University of Karlsruhe and studied economics & finance at Stanford University.Tobias Klein, CFA -
- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
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Investment strategy
First Private Europa Aktien ULM is a European equity fund with a clear focus on value that actively targets excess returns versus the European equity market.
The value-focused stockpicking approach follows a fundamental/quantitative selection process. Low stock market valuations relative to profits and solid earnings profiles alongside a stable financial base are the core components of this fund strategy. The best stocks are included in the portfolio optimisation process, which performs rigorous quality and risk controls. The outcome is a diversified stock portfolio.
With its systematic, value-oriented investment process, First Private Europa Aktien ULM embodies the utmost in continuity, reliability and transparency at a time of short-lived and rapidly shifting trends.
Morningstar 5 Sterne TELOS AAA- 2019 -
1 year p.a. 3 years p.a. 5 years p.a. since inception p.a. First Private Europa Aktien ULM -5.24% -2.88% -0.16% 4.54% MSCI Europa TR -2.91% 1.41% 2.60% 3.61% MSCI Europa Value TR -12.08% -4.72% -1.39% 2.96% Stand: 31.08.2020 | First Private Europa Aktien ULM A | Auflagedatum: 25.01.1999 -
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Walter LevySenior portfolio manager18years experience in the investment industrySince2007with
FIRST
PRIVATEAs a senior portfolio manager, Walter Levy is responsible for developing and implementing quantitative investment processes in the fields of European equities and long/short equities. Before joining FIRST PRIVATE, he oversaw the development and introduction of quantitative investment processes as a senior portfolio manager at Sweden’s largest pension fund. Walter has an MSc in mathematics and an MSc in economics, both from the University of Gothenburg.Walter LevyTobias Klein, CFACEO | PartnerHead of Investment28years experience in the investment industrySince1996with
FIRST
PRIVATETobias Klein is chief executive officer and a founding partner of FIRST PRIVATE. As Head of Investment, he is responsible for portfolio management and quantitative research. Over the course of his 25-year career to date, Tobias initially worked for two leading international asset managers. Since 1996, he has set benchmarks in quantitative asset management at FIRST PRIVATE. The firm's European equity funds have received numerous awards under his management. Tobias holds a degree in business engineering from the University of Karlsruhe and studied economics & finance at Stanford University.Tobias Klein, CFA -
- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
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Investment strategy
First Private Aktien Global is a globally diversified equity fund that is fully invested at all times. Its value-focused approach aims to achieve above-average returns compared to both value indices and the broader equity market over the long term.
Alongside a strict liquidity filter, the multi-stage quantitative process incorporates fundamental and systematic stockpicking that builds on three sub-strategies. These independent approaches focus on high-value, inexpensive stocks, stable dividend payers and good momentum in factors like value, growth and quality. The fund invests in more than 50 countries. The most attractive 100 to 140 stocks are included in the portfolio following extensive risk analyses and subject to a balanced mix of the three sub-strategies.
The fund concept offers impressively broad diversification at the style, sector and country levels as well as a flexible emerging markets allocation.
Morningstar 4 Sterne TELOS AAA- 2019
Top 25% Rendite 10 Jahre
TOP 25% Sharpe Ratio 10 Jahre -
1 year p.a. 3 years p.a. 5 years p.a. since inception p.a. First Private Aktien Global -3.26% 0.37% 3.62% 5.20% Morningstar Peergroup Global Flex-Cap Equity 6.56% 6.03% 6.68% 4.81% Stand: 31.08.2020 | First Private Aktien Global A | Auflagedatum: 01.12.2006 -
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Andreas KraftSenior portfolio manager21years experience in the investment industrySince2006with
FIRST
PRIVATEIn his role as a senior portfolio manager, Andreas Kraft is responsible for developing and implementing global equity investment processes. He joined the portfolio management team at FIRST PRIVATE in 2006. Andreas's previous roles include that of senior portfolio manager at a hedge fund and in the asset management at a major German private bank. He holds a master degree in economics from the European Business School. In addition, he was awarded a bachelor's degree in computer science from James Madison University.Andreas Kraft -
- Fund data
- WKN (German Sec. Code)
- ISIN Code
- Fund currency
- Fund category
- Launch date
- Utilisation of income
- End of fiscal year
- Issuing price surcharge
- Management fee
- Minimum investment
- Performance fee
- Total expense ratio (TER)
- Performance fee in % on the average net asset value
- Administration fee and other costs
- Custodian
- Depository
- Investment management company
- Country of registration*
Overview
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Fund nameISIN CodeWKNFund currencyUtilisation of Income
31
First Private Systematic Merger Opportunities -S- DE000A0Q95G3 A0Q95G EUR distributing 31
First Private Systematic Merger Opportunities -I- DE000A0Q95H1 A0Q95H EUR distributing 27
First Private Helix -A- DE000A0Q95K5 A0Q95K EUR distributing 27
First Private Helix -I- DE000A0Q95F5 A0Q95F EUR accumulating 27
First Private Helix -S- DE000A0Q95E8 A0Q95E EUR accumulating 29
First Private Systematic Commodity -A- DE000A0Q95D0 A0Q95D EUR accumulating 23
First Private Systematic Events -A- DE000A0Q95C2 A0Q95C EUR distributing 18
First Private Wealth -A- DE000A0KFUX6 A0KFUX EUR accumulating 18
First Private Wealth -B- DE000A0KFTH1 A0KFTH EUR accumulating 18
First Private Wealth -C- DE000A0Q95A6 A0Q95A EUR distributing 16
First Private Euro Dividenden STAUFER -A- DE0009779611 977961 EUR accumulating 16
First Private Euro Dividenden STAUFER -B- DE000A0KFTD0 A0KFTD EUR distributing 16
First Private Euro Dividenden STAUFER -C- DE000A0Q95B4 A0Q95B4 EUR distributing 17
First Private Europa Aktien ULM -A- DE0009795831 979583 EUR accumulating 17
First Private Europa Aktien ULM -B- DE000A0KFUY4 A0KFUY EUR distributing 14
First Private Aktien Global -A- DE000A0KFRT0 A0KFRT EUR accumulating 14
First Private Aktien Global -B- DE000A0KFRU8 A0KFRU EUR distributing 14
First Private Aktien Global -C- DE000A0KFRV6 A0KFRV EUR distributing 14
First Private Aktien Global -D- DE000A0J3AB7 A0J3AB EUR distributing -
Fund nameIssue priceRücknahmepreis / NAVKapitalbeteiligungsquoteData as of
31
First Private Systematic Merger Opportunities -S- 99.54 EUR 99.54 EUR --- 23.09.2020 31
First Private Systematic Merger Opportunities -I- 99.45 EUR 99.45 EUR --- 23.09.2020 27
First Private Helix -A- 85.57 EUR 85.57 EUR --- 23.09.2020 27
First Private Helix -I- 85.54 EUR 85.54 EUR --- 23.09.2020 27
First Private Helix -S- 85.99 EUR 85.99 EUR --- 23.09.2020 29
First Private Systematic Commodity -A- 106.14 EUR 106.14 EUR --- 23.09.2020 23
First Private Systematic Events -A- 68.30 EUR 68.30 EUR --- 23.09.2020 18
First Private Wealth -A- 63.80 EUR 63.80 EUR --- 23.09.2020 18
First Private Wealth -B- 61.60 EUR 59.81 EUR --- 23.09.2020 18
First Private Wealth -C- 55.27 EUR 55.27 EUR --- 23.09.2020 16
First Private Euro Dividenden STAUFER -A- 88.54 EUR 84.32 EUR --- 23.09.2020 16
First Private Euro Dividenden STAUFER -B- 73.08 EUR 73.08 EUR --- 23.09.2020 16
First Private Euro Dividenden STAUFER -C- 76.96 EUR 76.96 EUR --- 23.09.2020 17
First Private Europa Aktien ULM -A- 78.04 EUR 74.32 EUR --- 23.09.2020 17
First Private Europa Aktien ULM -B- 62.22 EUR 62.22 EUR --- 23.09.2020 14
First Private Aktien Global -A- 100.15 EUR 95.38 EUR --- 23.09.2020 14
First Private Aktien Global -B- 92.69 EUR 92.69 EUR --- 23.09.2020 14
First Private Aktien Global -C- 92.06 EUR 92.06 EUR --- 23.09.2020 14
First Private Aktien Global -D- 94.54 EUR 94.54 EUR --- 23.09.2020 -
Fund nameFactsheetKIIDSales Prospectus, GermanyAnnual reportSemi-annual report
First Private Systematic Merger Opportunities -S- First Private Systematic Merger Opportunities -I- KIID VKP First Private Helix -A- First Private Helix -I- First Private Helix -S- Fondsbroschüre KIID VKP JB First Private Systematic Commodity -A- KIID VKP JB HJB First Private Systematic Events -A- KIID VKP JB HJB First Private Wealth -A- First Private Wealth -B- First Private Wealth -C- Fondsmanagerkommentar Factsheet Factsheet (engl.) KIID VKP VKP Schweiz Informationen zu Vertragsanpassungen JB HJB First Private Europa Aktien ULM -A- First Private Europa Aktien ULM -B- Factsheet Factsheet (engl.) KIID VKP VKP Schweiz Informationen zu Vertragsanpassungen JB HJB First Private Euro Dividenden STAUFER -A- First Private Euro Dividenden STAUFER -B- First Private Euro Dividenden STAUFER -C- Factsheet Factsheet (engl.) Fondsbroschüre KIID VKP Informationen zu Vertragsanpassungen JB HJB First Private Aktien Global -A- First Private Aktien Global -B- First Private Aktien Global -C- First Private Aktien Global -D- Factsheet Factsheet (engl.) KIID VKP Informationen zu Vertragsanpassungen JB HJB
Announcements
News
With effect from 28.09.2020, unit redemptions are not suspended for any of the company’s funds.
Informationen für unsere Anleger zum Fondsreporting (15.03.2017)
Änderung der Allgemeinen Anlagebedingungen (25.01.2016)
Wichtige Informationen für unsere Anleger in der Schweiz (10.11.2016)
Bekanntmachung der Schließung des First Private Alpha Europa (19.01.2015)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Aktien Emerging Markets (03.01.2014)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Aktien Global (03.01.2014)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Alpha Europa (03.01.2014)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Dynamic Equity Allocation (03.01.2014)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Europa Aktien ULM (03.01.2014)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Euro Dividenden STAUFER (03.01.2014)
Änderung der Allgemeinen und Besonderen Anlagebedingungen des First Private Wealth (03.01.2014)
