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Laxman Pai, Opalesque Asia: Canadian asset manager BMO Global Asset Management (BMO GAM) announced the launch of its new Alpha Managers Hedge Fund, complementing BMO GAM's suite of alternative investment strategies for accredited investors.
The new fund combines high-conviction strategies from global hedge fund managers. It aims to deliver alpha, low volatility, and less correlated returns compared to traditional asset classes, according to a media release from the institutional and mutual fund investment manager, which provides a variety of investment solutions.
BMO GAM's Alpha Managers Hedge Fund portfolio was designed in collaboration with Goldman Sachs Asset Management (GSAM) and draws upon the combined expertise of the two firms to deliver a well-diversified absolute return strategy to eligible Canadian investors, said the release.
"The Fund's investor-friendly evergreen structure allows for a convenient access to top performing strategies and hedge fund managers, in a "one-stop" evergreen format, available for purchase and rebalancing monthly," it said.
Sara Petrcich, Head, ETFs & Alternatives, BMO GAM said: "This is an exciting collaboration for BMO GAM, as we continue to develop and expand our Alternative investment offerings with innovative solutions that bring private markets and hedge fund investment strategies to even more investors across Canada."
"The Alpha Managers Hedge Fund, in collaboration with GSAM's External Investing Gr...................... To view our full article Click here
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