Sat, Apr 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AllianceBernstein launches Ucits relative-value fixed-income fund

Monday, December 13, 2010
Opalesque Industry Update - AllianceBernstein announced the launch of its Enhanced Alpha product, AllianceBernstein Alternative Investments—Enhanced Alpha Portfolio, a UCITS fund for institutional clients. The Fund’s strategy is a relative-value fixed-income strategy with an absolute return goal of 8 to 10% per annum net of fees. It uses a wide range of trading strategies to exploit structural anomalies and tactical investment opportunities in multiple global sectors with the objective of boosting returns with low correlation-to-market returns and various asset classes.

Although signs of recovery abound, uncertainty persists about the global economic outlook and markets remain highly volatile. While offering higher return potential than traditional fixed-income allocations, the Enhanced Alpha fund deploys hedging strategies, a stop-loss framework and dynamic tail-risk hedging to protect returns during periods of severe market stress. Derivative-based implementation also provides high liquidity and flexibility.

Ivan Rudolph-Shabinsky, Director - Fixed Income, commented:

“We feel that this is the perfect time to be launching a product like this onto the market. The roller coaster ride over the last couple of years has switched the focus of investors to rebuilding returns while avoiding extreme negative outcomes.

“Enhanced Alpha uses a combination of bonds and derivatives to exploit opportunities such as disparities in the shape of global yield curves and anomalous relationships between bonds and credit default swaps around the world, while ensuring that we hedge risks in the cheapest, most efficient manner.”

The Fund is a Luxembourg-domiciled UCITS fund with a minimum investment of £1.5 million.

(press release)

About AllianceBernstein
AllianceBernstein is a leading global investment management firm with $484 billion under management at the end of September 2010. It offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AllianceBernstein employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies and alternative investments and, through its subsidiaries and joint ventures, operates in more than 20 countries. AllianceBernstein's research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AllianceBernstein is well-positioned to tailor investment solutions for its clients. AllianceBernstein also offers independent research, portfolio strategy and brokerage-related services to institutional investors.

At September 30, 2010, AllianceBernstein Holding L.P. owned approximately 36.7% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 63.0% economic interest in AllianceBernstein. Corporate website: www.alliancebernstein.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n