Fri, Jun 22, 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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp