PERGAM and Waystone launch Capital Absolute Return, a new UCITS Multi-Strategy Fund
10 JUN, 2026
By Joanna Piwko from RankiaPro Europe
Paris-based investment solutions specialist PERGAM has partnered with European UCITS platform Waystone to launch Capital Absolute Return (CAR), a daily-liquidity fund of funds offering an absolute return strategy built around diversified performance drivers.
A Multi-Strategy Approach to Decorrelation
Capital Absolute Return is structured around a core long/short equity strategy, complemented by additional performance drivers designed to reduce correlation to traditional markets. The fund targets absolute performance with limited exposure to conventional assets, within a controlled risk framework (SRI 2).
The construction philosophy is explicitly orthogonal. 'Capital Absolute Return is built on our conviction that diversification must be constructed from independent and orthogonal performance drivers,' said Alexandre Ferci, Head of Collective Portfolio Management at PERGAM. The fund is managed by Ferci, who oversees day-to-day portfolio decisions under the UCITS structure.
Democratising Access to Alternative Strategies
One of the fund's central ambitions is broadening access to alternative investment strategies through a regulated, accessible format. By structuring CAR as a UCITS vehicle with daily valuation and daily liquidity, PERGAM and Waystone aim to bring institutional-quality alternative exposure to a wider investor base.
The partnership is presented as a natural fit between two complementary specialists. 'The synergy between Pergam, an independent reference player with 25 years of expertise in investment solutions, and Waystone, a leading alternative UCITS platform, comes together naturally,' said Amin Zeghlache, Director for Southern Europe at Waystone.
Waystone is one of Europe's leading platforms for alternative UCITS solutions, and the collaboration leverages its infrastructure alongside PERGAM's track record in structuring diversified investment vehicles.
