Man AHL, Man Group plc’s (“Man”) quantitative investment specialist, is pleased to unveil four new systematic strategies. These strategies have been developed using elements from Man AHL’s flagship programmes. Each one targets a specific return profile, and has been built from the ground up in UCITS compliance format.
The Man AHL Multi Strategy Alternative fund is managed by Philipp Kauer. It is a highly-diversified and cost-efficient multi-strategy product offering investors access to Man AHL’s high-conviction models. The core building blocks of the programme are systematic styles such as technical trading, systematic equity, systematic fundamental, volatility, and momentum. The programme has an annualised volatility target of 8%.
The Man AHL Directional Equities Alternative fund, managed by Paul Chambers, portfolio manager and co-head of equities at Man AHL, takes directional positions in equity sectors in all the developed markets of the world. The directional long/short fund uses a quantitative investment strategy to select holdings from a pool of around 3,000 companies globally, targeting a return of 10% per annum.
The Man AHL Volatility Alternative fund, run by portfolio manager Jean-François Bacmann, is a long/short multi-asset volatility portfolio investing into derivative markets across a wide range of asset classes. Jean- François and his team aim to take advantage of opportunities across volatility markets by using a variety of systematic trading strategies to generate medium term absolute returns. The team aims to keep the volatility of the Man AHL Volatility Alternative strategy within a 7% range.
Finally, Man AHL TargetRisk is a dynamic long-only fund seeking to achieve capital growth over the medium to long term by providing exposure to equities, bonds, inflation linked assets and credit. The strategy, managed by Russell Korgaonkar and Che Hang Yiu, aims to deliver a stable level of return volatility, regardless of market conditions, by adapting exposures using a quantitative approach.
Sandy Rattray, CEO of Man AHL, said: “We are delighted to expand our established quant trading offering with these UCITS funds. The strategies have been developed to meet specific investor needs, and showcase our strong research pipeline. Each one has a distinct return profile – from a global long-only beta portfolio in TargetRisk, to sector specific alternatives in the equity and volatility funds, to a broad multi-strategy offering harnessing the broadest arrange of Man AHL research.”
The Dublin-domiciled UCITS funds soft-launched in November 2014 and are available in a variety of regions across Europe and are planned to be passported further. In the UK we are gauging interest in these funds with potential for future registration.