A guarantor of investors’ interests

Founded in April 2011, RP Crest marks an innovation in the German fund market. The investment boutique stands out for specialising in a single product, the RP Gamma fund, for the strong background of its staff and for its independence from major stakeholders, be it clients, shareholders or staff.

With the RP Gamma fund, RP Crest grants investors access to an alternative asset class: the volatility risk premium. Volatility risk premiums are an attractive asset class, however, with a high potential for moral hazard. The true risks of a short volatility fund are not easily observable for outsiders, neither by thorough analysis nor by looking at the fund’s historical performance. This may produce an incentive for morally hazardous behaviour amongst portfolio managers to ramp up inappropriate high risks in the hope that the next big loss event only takes place after fees have been taken out.

In order to deal with such issues of moral hazard, it is imperative for portfolio managers to be strongly exposed to the same risks as their investors/clients. The business and governance model of RP Crest does exactly that: it overproportionately exposes employees and active shareholders alike to the downside risks of our sole fund, thereby enforcing a unique alignment of interests between risk managers and fund investors.

Watch this video, to see why we advise you to beware of investing in short volatility funds.

terms and conditions

Information and conditions of use

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Please read the following information and conditions of use carefully:

For institutional investors only

Our home page is intended solely for professional investors as defined in the German Securities Trading Act (Section 31a paragraph 2 WpHG), not for private clients. By accepting this information and conditions of use you confirm that you are a professional client.

Disclosure of information, sales restrictions

This website is intended for individuals who are resident in the Federal Republic of Germany. The disclosure of the information contained here and the purchase of shares in funds described here may be prohibited in certain countries. For this reason the information is not intended in any way for individuals or entities in a jurisdiction (based on nationality, current location, residence, place of business or other grounds) in which the publication, disclosure or use of this information would be in breach of applicable law or regulations or in which RP Crest would be subject to registration or licensing requirements and is not intended for disclosure in any such jurisdiction. You must identify and comply with any restrictions of this kind in your jurisdiction yourself. By accepting this information and conditions of use you confirm that you have done so.

Information for US citizens

The information contained on this website is not intended for disclosure in the USA or to US citizens (this relates to individuals resident in the United States of America as well as to partnerships and corporations established under the laws of this country).

No offer

The information and materials provided are for information purposes only and do not constitute a public subscription offer or an offer to sell financial instruments or a solicitation to make an offer to buy financial instruments.

No advice

The information and materials provided are for information purposes only and in particular do not constitute an advertisement, recommendation or financial or other advice. The individual investment objectives, experience, risk preference and financial situation of the users of this website cannot be taken into account. Under no circumstances is this information a substitute for investor- and investment-specific advice. Investments in financial instruments entail risks. Past performance is not a reliable indication of future returns. The sole basis for the purchase of units in investment funds is the respective sales prospectus and contractual provisions in conjunction with the last audited annual report and the half-year report, if more recent than the last annual report, together with the key investor information. These documents can be obtained from the respective management company, depositary or payment agents.

Disclaimer

RP Crest is not liable for loss or damage of any kind or cause due in full or in part to the use of or reliance on this website, failed or unavailable access to this website or websites linked to it or resulting from any action or omission of a third party involved in the creation of this website or the information provided on it, irrespectively of whether the circumstances that led to the loss or damage were within the control of RP Crest or whether RP Crest was aware of the possibility of any loss or damage. RP Crest endeavours to keep the contents of this website up to date and to ensure that they are correct. The contents are based on sources that we believe to be reliable. Nonetheless, RP Crest offers no warranty or guarantee for the correctness, completeness, accuracy, actuality, quality or availability of the contents and the materials displayed on this website.

Copyright

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Use and disclosure of personal data

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Applicable law and legal validity

This information and these conditions of use, in particular the disclaimer, are to be seen as part of the online offering from which the link to this section was set. If parts or the individual wording of this information should be or become legally invalid, this does not affect the validity or content of the remainder. The websites of RP Crest GmbH are governed exclusively by German law.