Tue, Feb 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Systematica to launch new UCITS- compliant fund for UK and European Investors

Monday, November 13, 2017
Opalesque Industry Update - Systematica Investments [Systematica], the technology-driven manager focused on a quantitative and systematic investment approach, has extended its portfolio offering to a broader investor base through the launch of a new UCITS fund based on the Systematica Alternative Risk Premia (SARP) strategy.

Since its launch on 1 March 2017, SARP has seen strong investor interest, growing assets under management to $120 million. A UCITs version of the SARP strategy will be made available to UK and European investors and their advisers on 8 November 2017, with a commitment to invest from a significant seed investor of $122 million. The fund will have daily liquidity and will be Systematica's second strategy on its Dublin based UCITS Fund ICAV platform.

The SARP approach was developed as part of Systematica's strategy to further diversify its product range and to meet investor demand for higher capacity, lower fee products that provide differentiated returns with greater transparency, liquidity and cost focus than traditional hedge fund products.

SARP utilizes "alternative risk premia" such as value, momentum, carry and defensive characteristics, which have been shown to demonstrate well established sources of return. Using stocks and futures, SARP allocates investments across a broad range of strategies and asset classes to maximize fund diversification whilst taking account of trading costs and liquidity. The strategy targets an annualised volatility of 8-10% and net returns of 6-8% over a market cycle.

Leda Braga, Chief Executive Officer, Systematica Investments, comments: "I am pleased that a broader segment of investors will now be able to access our innovative SARP strategy. This systematic trading programme provides investors with high quality implementation of well documented alternative risk premia strategies across global markets."

"Within the class of hedge fund strategies, it is well known that systematic strategies (especially systematic macro strategies) provide attractive diversification benefits to global equity markets. SARP demonstrates strong diversification benefits, and is largely uncorrelated to a composite hedge fund portfolio as well."

Managed through Systematica's team based approach, the fund will be overseen by Product Manager Matthias Hagmann, who has been at Systematica since its formation.

As of November 8th, the shares in the fund will be available in US dollars, euros, Swiss francs, sterling, Australian dollars, Hong Kong dollars, Yen and Singapore dollars. It will be registered for marketing in various EU jurisdictions, including the UK, Netherlands, Italy, Luxembourg, Spain and Greece. Following the launch, an application for passporting will also be made in Switzerland, Australia and Singapore, with more expected to follow. The fund will be regulated as a UCITS product by the Central Bank of Ireland.

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. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  3. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully

  4. Investing - Hedge funds hook shipping stocks grappling for recovery, Small cap hedge funds offer alternative for cannabis investing, Top stock-picking hedge funds love gaming, health care and media shares, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter[more]

    Hedge funds hook shipping stocks grappling for recovery From Hellenicshippingnews.com: Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial f

  5. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu