Janus Henderson Global Multi-Strategy Fund
Janus Henderson Investors has launched a global alternative asset fund to Australian investors, called the Janus Henderson Global Multi-Strategy Fund.
The fund will invest across a range of asset classes and will use six main investment strategies. Those investment strategies are as follows:
- Convertible arbitrage: Aims to capitalise on mispricing of convertible bonds.
- Event driven: Looks to exploit pricing inefficiencies around corporate events or capital structures.
- Equity market neutral: Seeks to deliver alpha by investing long and short across pan-European equities.
- Price pressure Aims to generate returns through the provision of capital to liquidity opportunities.
- Risk transfer: Looks to capitalise on supply/demand-driven imbalances in the derivatives market.
- Portfolio protection: Seeks to mitigate left tail risk through a multi-faceted protection strategy.
“In times like these, an active investment approach becomes even more critical, as portfolio managers evaluate opportunities likely to arise from volatility and adjust portfolios accordingly." Janus Henderson head of Australia, Matt Gaden, said.
"The COVID-19 crisis is forcing investors of all types to rethink risk and diversified alternatives are one of the exciting areas where we are seeing increased appetite from our clients."
The fund is high risk but is targeting a return of 7 per cent above the benchmark Bloomberg AusBond Bank Bill Index before fees. It has a management fee of 0.9 per cent per annum of the asset value of the fund, an indirect cost of 0.17 per cent per annum of the asset value of the fund, and a performance fee of 20 per cent per annum of the outperformance of the current day net asset value (NAV) relative to prior day NAV above the benchmark after management fees, and subject to a high watermark.