Available to institutions, the fund’s absolute-return oriented strategy provides investors with an alternative approach to traditional benchmark driven long-only investing, responding to current market dynamics. The firm tells PLANADVISER, depending on clients’ assets under management (AUM), it can offer access through either the mutual fund or a separate account.
The fund employs a broad set of tools to take advantage of market mispricing, the firm says. This flexibility provides the ability to express investment views and pursue the extraction of relative value through both long and short positioning.
The full global credit and securitized spectrum will be utilized and the fund will have complete duration flexibility with the ability to have positive, negative or zero duration. The fund will be unconstrained by benchmark (U.S. T-bill index) as its managers seek to capitalize on best opportunities worldwide.
The firm says it is working on adding the mutual fund to defined contribution platforms.