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Laxman Pai, Opalesque Asia: European specialist alternative asset manager Tages Capital, part of the Tages Group, has announced the launch of the tail hedge fund, Tages Paladin Fund.
The alternative asset management firm which manages approximately $2.3bn said in a press release that the new Fund incorporates an innovative tail risk hedging strategy designed to provide investors with protection from a broad range of adverse market conditions globally without the typical burden of negative carry associated with such strategies in upward trending markets.
The Dublin domiciled UCITS fund offers investors access to Tages' absolute return investing. The Fund launched with nearly $20m of institutional capital on 31st July 2018.
"Unlike most tail risk funds, Paladin is not based on a put option strategy but is comprised of a combination of systematic long volatility and convexity, momentum and mean reversion strategies, together with low beta carry strategies to compensate for time decay," claimed the release.
According to Berouz Fatemi, Portfolio Manager, Head of Alternative Risk Premia, the Tages Paladin Fund uses a proprietary combination of quantitative and qualitative techniques to evaluate and select a portfolio of investable trading strategies and alternative risk premia with clear tail hedge qualities.
Fatemi said: "We follow process-driven investment approach to build a portfolio diversified by strategy, asset class and region, combined with comp...................... To view our full article Click here
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