AZ Sestante launches Global Macro Fund

new fund launch

11 September 2017
| By Oksana Patron |
image
image
expand image

AZ Sestante has announced the launch of its new Global Macro Fund which will use the investment management capabilities of its parent Azimut and their Luxembourg based investment management business AZ Funds Management.

The fund offered investment exposure to the Australian dollar denominated class of units, of the AZ Multi Asset Institutional Macro Dynamic Trading Fund, a Luxembourg domiciled fund managed by AZ Fund Management.

Also, it aimed to outperform the Reserve Bank of Australia (RBA) cash rate plus two per cent per annum before fees with volatility of less than four per cent and low correlation to traditional financial markets over rolling one year periods.

The company said the portfolio adviser for the fund was Massimo Guiati, who had been responsible for the strategy since 2008.

He has over 20 years of experience in investing with a background in derivatives trading and currently advises assets in excess of €1 billion.

AZ Sestante’s head of distribution, Andrew Davis, said: “It is exciting to be able to showcase Azimut’s global investment capabilities”.

“We have listened to advisers as to the type of investment product they are looking for and high quality, daily liquid, uncorrelated, defensive type funds are definitely on their wish list,” he said.

 

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

3 days 22 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 1 day ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 20 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

1 day 23 hours ago