Investment giant marks a milestone with its initial high-performing fund confirmed.
In an exciting turn of events, Philipp Haas has been named the first ever Future Fundstar during the competition's finale held on August 11th in Hamburg. The financial portal hosting the event was Fundview.
Haas, the operator of small-volume fund Venture Capital Strategies, outshone three other competitors with his strategy, which has yielded over 1,100 percent in returns since 2012. This impressive performance is attributed to its "genuine alpha approach."
The jury found the decision to name Haas as the first Future Fundstar challenging, but Haas expresses his gratitude for the competition's assistance in his plans. He believes that being named the first Future Fundstar will aid his plans for the coming months and years.
The risk cover for the event was provided by NFS Netfonds, while asset management was handled by Azemos. The maximum loss for Haas's strategy is 16 percent, a testament to its robustness.
Haas has been awarded €2 million prize money, but the person who has the authority to use this money for the coming months and years was not specified in the information provided.
The Future Fundstar competition was designed to support small-volume fund operators and newcomers aiming to launch their own fund. Haas hopes that the competition will continue regularly and provide a new and alternative path for investment talents.
In an email confirmation, the subscription for the competition was confirmed. Haas also expresses hope that the competition continues to foster and recognise investment talent in the future.
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