Atlantic House has added to its product line-up by launching an Uncorrelated Strategies fund.
The fund, which has circa £30m in assets, has been designed to have low correlation to traditional and non-traditional asset classes, in order to generate positive returns across a range of market scenarios, while protecting against significant market downturns. Holdings within the fund will also have low correlations to each other.
It will invest across multi-asset derivatives, which sit in two buckets:
- -Long volatility strategies that aim to profit from rising implied or realised volatility and may also act as a hedge against extreme market moves
- -Diversifier strategies that aim to generate positive returns, in normal market conditions, regardless of the direction of the market
Uncorrelated Strategies is the fourth fund in Atlantic House’s stable, which also includes the Total Return and flagship Defined Returns funds.
Tom Boyle, who co-manages the Total Return fund alongside CIO Tom May and Clive Hale, will be the lead manager on the new strategy.
Boyle said the fund is attracting “significant interest” among investors given the volatile backdrop for risk assets and markets generally.
“I’m particularly excited that through the fund a larger group of investors will have access to volatility as an asset class, which has historically only been accessible by large institutions,” he added.
The daily-dealing Ucits fund is available to all investors, though Atlantic House said it is specifically targeted at professional and institutional clients.
The launch comes shortly after Portfolio Adviser revealed City veteran and former Framlington boss Mike Vogel had snapped up a stake in Atlantic House parent, Catley Lakeman. At the time, CEO Tony Stenning (pictured) said the investment would fund the next phase of Catley Lakeman’s growth plans, including future product launches at Atlantic House.
