Wed, Dec 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Nomura launches innovative new absolute return UCITS III fund

Wednesday, June 09, 2010
Opalesque Industry Update - Nomura, the global investment bank, has today announced the launch of the Nomura Interest Rate Investment Strategy IRISx4 Fund. The fund, developed by Nomura Investment Solutions plc, aims to provide institutional investors with absolute returns by investing in interest rate markets.

The IRISx4 fund is the latest development in Nomura's UCITS III compliant product suite. Its investment objective is to provide investors with four times leveraged exposure to the performance of the Nomura Interest Rate Investment Strategy (IRIS).

IRIS is an interest-rate positioning index which dynamically adjusts in changing market and economic conditions using macro-economic and quantitative indicators. Developed by Nomura's fixed income macro-quantitative research team, the index is highly diversified and consists of four trading strategies. It implements long or short positions across the interest rate curves of six markets1 using liquid fixed income instruments - money-markets futures, bond futures and interest rate swaps - through more than 40 trading positions.

Jean-Philippe Royer, head of the Fixed Income Fund Solutions Group at Nomura said: "Despite current market conditions, investors are still looking for absolute excess returns in the range of 7 to 8 per cent over cash, but without the volatility that usually accompanies such high alpha. The IRISx4 fund was developed to respond to that demand. With the robust macroeconomic rationale and framework of IRIS, the fund offers an excellent diversification opportunity for an investment portfolio."

The IRISx4 fund offers daily liquidity and implements a strict risk-management process2. It follows the success of IRISx2, another UCITS-compliant fund launched in September 2009 which has since displayed steady excess returns with low volatility, reaching €110m of assets under management.

The fund is available in EUR and GBP-hedged share classes for institutional investors, with advisor share classes launching across major European countries in the coming months. Corporate website: Source
KM

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released