Sun, Aug 30, 2015
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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  4. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  5. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

 

banner