Man AHL, the group’s quantitative investment arm, is launching the Man AHL Multi Strategy Alternative fund managed by Philipp Kauer. The fund will be a ‘highly-diversified multi-strategy product’ The ‘core building blocks’ are systematic styles such as technical trading, systematic equity, systematic fundamental, volatility, and momentum.
It is also adding the Man AHL Directional Equities Alternative fund managed by Paul Chambers. The fund takes directional positions in equity sectors in all developed markets. The long/short fund uses a quantitative investment strategy to select from a pool of around 3000 companies, targeting a return of 10% per annum.
Then there is Man AHL Volatility Alternative fund, run by Jean-François Bacmann. It is a long/short multi-asset volatility portfolio investing in derivative markets across a wide range of asset classes. The aim is to keep volatility within a 7% range.
Making up the quartet is the Man AHL TargetRisk fund managed by Russell Korgaonkar and Che Hang Yiu. The fund is a long-only fund seeking growth over the medium to long term by providing exposure to equities, bonds, inflation linked assets and credit. It aims to deliver a stable level of return volatility, regardless of market conditions.
The Dublin-domiciled UCITS funds soft-launched in November 2014 and are available in a variety of regions across Europe with more to be added. The firm is ‘gauging interest’ in the UK with a view to future registration.
“We are delighted to expand our established quant trading offering with these UCITS funds,” said Sandy Rattray, CEO of Man AHL.
“The strategies have been developed to meet specific investor needs, and showcase our strong research pipeline,” he added. “Each one has a distinct return profile – from a global long-only beta portfolio in TargetRisk, to sector specific alternatives in the equity and volatility funds, to a broad multi-strategy offering harnessing the broadest arrange of Man AHL research.”
