Acadian expands multi-asset range
Acadian Asset Management has expanded its multi-asset range with the launch of multi-asset, absolute return Global Macro fund.
The Acadian Global Macro fund would have a low correlation to equities while maintaining a prudent and defensive level of risk and seek to exploit inefficiencies across global markets. It would have long/short positions across five major asset classes including equities, bonds, FX, volatility and commodities.
It aimed to deliver a positive return above the S&P/ASX Bank Bill index with target volatility of around 6% over rolling three-year periods.
Ilya Figelman, head of Acadian’s multi-asset class strategies, said: “Acadian’s Global Macro Fund is designed to seek absolute returns regardless of market conditions, by identifying and capturing diverse sources of return through portfolios that can endure severe market stress.
“We believe our approach provides a high level of differentiation, particularly compared to many standard alternative risk premia type strategies.
“We’ve sought to systematise many of the fundamental factors that drive asset class returns and as a result, the strategy includes a range of proprietary asset-class signals, particularly in commodities, as well as incorporating cross-asset macro factors and more established factors.”
BT Investment Solutions was the initial investor within its BT Diversified Alternatives Fund while Equity Trustees was the responsible entity.
AUTHOR
Laura Dew
Recommended for you
Magellan Financial Group experienced $1 billion in net outflows during April but managed to offset this and report a rise in FUM, having also announced its fourth fund from its partnership with Vinva.
Having officially opened its doors, ETF Shares – led by three former Global X employees – has now launched its first three ETF vehicles on Cboe Australia for financial advisers.
First Sentier Investors has hired its incoming chief financial and strategy officer to drive growth, having also confirmed its entry into the Australian ETF market last month.
Platinum Asset Management has lost a near-$1 billion institutional mandate as data shows its funds under management fell below $10 billion in April.
