How to invest
We strongly urge you to read the fact sheet and information brochure for the fund before making an investment decision.
Below you can find answers to the most common questions when it comes to buying or selling shares in the fund. If you need further information, please contact us at info@rhepa.com.
See fund share classes and terms below.
Risks
Historical returns are not a guarantee of future returns. The money you invest in the fund can both decrease and increase in value and you may not get back all the invested capital.
Important information
Please note that Rhenman & Partners is solely the portfolio manager of the fund. Rhenman & Partners is not authorized to provide – and will not provide – investment recommendations to investors.
How can I invest in the fund?
It is possible to invest in the fund through a bank, intermediary or fund platform. It is not possible to invest directly through Rhenman & Partners.
How often is the fund traded and when is the cut-off time?
This fund is traded once a month. The fund administrator's cut-off time occurs three days prior to the last (Luxembourg) business day of each month. Please note that your bank, intermediary or fund platform may have an earlier deadline for orders. Hence, it is important to check their specific cut-off time.
When do I get the money after redemption?
The payment from the fund administrator takes place five business days after month end. Please note that your bank, intermediary or fund platform may need a few extra days to handle the transaction.
What makes a hedge fund different from a long only equity fund?
The more liberal investment rules for hedge funds give us more flexible investment opportunities compared to ordinary mutual funds. Rhenman Healthcare Equity L/S is mainly invested in equities, both long and short positions. We do not benchmark ourselves against an equity index, the target is a positive annual return regardless of stock market performance.
How is the fund's performance fee calculated?
The performance fee for the fund’s broadly distributed share classes is calculated on a quarterly basis. This means that the performance fee is due if the hurdle NAV (net asset value) of the share class, at the time of the calculation, has reached a new highest level at the end of a quarter. Given that the review period for performance fees is quarterly, it may be worth noting that a performance fee can be charged at one or more quarterly closures, when the NAV has developed positively, even though the performance for the calendar year as a whole may turn out to be negative.
Which share classes are available?
See list of share classes below.
In which countries is the fund registered?
Rhenman Healthcare Equity L/S is an AIF which is available to retail investors in Sweden and Finland only, and it is registered for professional investors only in Belgium, Finland, the Netherlands, Italy, Sweden, the United Kingdom, Singapore with restricted scheme offered to accredited investors only and Switzerland (distributed without FINMA registration).
Share class information
| SHARE CLASS | CURRENCY | MINIMUM INVESTMENT | ANNUAL MANAGEMENT + PERF. FEE | ISIN |
| RC1 | SEK | 500 | 2.0% + 20% performance fee | LU0417597712 |
| RC2 | SEK | 2 500 000 | 1.5% + 20% performance fee | LU0417598017 |
| RC1 | EUR | 2 500 | 2.0% + 20% performance fee | LU0417597555 |
Share class information
| SHARE CLASS | CURRENCY | MINIMUM INVESTMENT | ANNUAL MANAGEMENT + PERF. FEE | ISIN |
| IC1 | EUR | 250 000 | 1.5% + 20% performance fee | LU0417598108 |
| IC2 | SEK | 50 000 000 | 1.0% + 20% performance fee | LU0417598793 |
| ID1 | SEK | 100 000 | 1.5% + 20% performance fee | LU0417599098 |
| IC1 | USD | 300 000 | 1.5% + 20% performance fee | LU0417598280 |
| IC2 | USD | 6 000 000 | 1.0% + 20% performance fee | LU0417598520 |
For more detailed information please refer to the prospectus and the fund fact sheets which can be found through our document library. There you can also find performance scenarios.
Investors and potential investors considering investing in the fund should discuss the matter with a professional investment advisor.
If you have any questions, please send an email to info@rhepa.com
FUNDROCK MANAGEMENT COMPANY S.A.
Airport Center,
5 Heienhaff,
L-1736 Senningerberg,
Luxembourg