Prima Capital Fund: Fundana

Tenth European Fund of Hedge Funds Awards 2011

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Fundana was set up in 1993 by founding partners co-CEOs Thomas Alessie and Dariush Aryeh. Its initial aim was to run alternatives for Swiss-based Banque Leu with assets under management (AUM) at the time of $1 billion. Investors included Credit Suisse, ING and Swiss pension funds.

In 2000-01 the founding partners opted for a management buyout of the lead fund, the Prima Capital Fund and set it up as a proprietary fund of hedge funds (FoHF) with initial AUM of $250 million. At the same time new pa