Sat, May 27, 2017
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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the