Absolute-Return
Multi-Strategy
Portfolio

Designed for investors who prioritise capital preservation and steady compounding over market cycles, through a diversified portfolio of liquid alternatives. Substantial experience in manager selection and global partnerships built since 1994.

Risk Management · Capital Preservation · Steady Compounding

30 Years

of manager selection expertise

Since 1994

proven track record across market cycles

Global Reach

partnerships built through rigorous due diligence worldwide

Track Record

Net return of Class A USD (ISIN LU2491197922) shares

+33.1%

Cumulative return
since Oct 2022

+10.5%

Best annual year
(2025)

66%

Positive months
(31 of 47)

+15.37%

2026 YTD
(August)

Pazola Fund since Inception

Line chart. Data table with 49 rows and 2 columns follows.

Pazola Fund
30/09/2022100
31/10/2022100.63
30/11/2022101.87
31/12/2022101
31/01/2023101.97
28/02/202398.98
31/03/202395.67
30/04/202396.91
31/05/202397.05
30/06/202396.21
31/07/202397.09
31/08/202395.77
30/09/202396.02
31/10/202394.88
30/11/202397.83
31/12/202399.54
31/01/2024101.67
29/02/2024103.1
31/03/2024103.67
30/04/2024102.45
31/05/2024103.79
30/06/2024103.14
31/07/2024104.01
31/08/2024103.63
30/09/2024105.98
31/10/2024105.3
30/11/2024107.05
31/12/2024104.88
31/01/2025105.54
28/02/2025104.2
31/03/2025102.02
30/04/2025101.7
31/05/2025102.63
30/06/2025104.08
31/07/2025105.57
31/08/2025106.94
30/09/2025110.9
31/10/2025113.6
30/11/2025115.81
31/12/2025115.39
31/01/2026119.77
28/02/2026124.48
31/03/2026122.42
30/04/2026127.23
31/05/2026129.54
30/06/2026130.34
31/07/2026131.54
31/08/2026133.13

Why invest in Pazola?

30 Years

Proven Track Record
Positive absolute returns since 1994 across multiple
market cycles — not a recent product.

Negative

True Diversification
Rolling 12-month correlation to US 10Y Treasury
remains strongly negative. Low correlation to equities
and bonds.

+12.1% Jan 2026

Live Proof
Outperformed equities by +2.6% and bonds by +4.3%
in a month of dispersion — exactly what this fund is
built for

Multi-Strategy

Uncorrelated Return Streams
Multiple independent strategies contributed in
January — not a single concentrated bet.

0.5% / 10%

Investor-Friendly Terms
0.5% management fee · 10% performance fee with
perpetual high-water mark. Aligned incentives.

Monthly Liquidity

Regulated & Transparent
Luxembourg SICAV-RAIF · BNP Paribas as depositary ·
Monthly subscriptions and redemptions.