Acadian Global Macro Fund
Acadian Asset Management has launched a new multi-asset absolute return fund in Australia for institutional and wholesale investors. The fund will use Acadian's systematic approach to exploit inefficiencies across and within global markets. Equity Trustees is the responsible entity for the fund.
Acadian's strategy is implemented via long/short positions across the five major asset classes of equities, bonds, foreign exchange, volatility and commodities. Portfolio construction takes into account cross-asset relationships across the whole portfolio.
The fund is targeting a positive return above the S&P/ASX Bank Bill index with volatility of around 6 per cent over rolling three-year periods. BT Investment Solutions is the initial investor in the fund via its BT Diversified Alternatives Fund.
“Acadian’s Global Macro Fund is designed to seek absolute returns regardless of market conditions, by identifying and capturing diverse sources of return through portfolios that can endure severe market stress,” head of Acadian’s multi-asset class strategies team, Ilya Figelman, said.
“We believe our approach provides a high level of differentiation, particularly compared to many standard alternative risk premia type strategies."