23/01/2019
Vontobel launches fund of funds in Luxembourg
The asset mangement firm Vontobel AM on Monday, 21 January announced the launch of a fund of funds focused on alternative risk premia. The fund is aiming for average returns within the single-digit growth range, over the entire investment cycle. The fund “is expected to show low correlation with the traditional assets of equities and bonds. This is the first multi-manager fund domiciled in Luxembourg to provide simple access to strategies based on alternative risk premia,” the firm says in a statement. The fund will be entitled Vontobel – Alternative Risk Premia, and will invest in market-neutral strategies which have proven their worth: “carry,” “defensive stocks,” “momentum,” and “value.” “Thanks to its privileged access to the leading managers in these various sectors, the team at Vontobel is able to build a portfolio which has optimal exposure to the various strategies, while controlling risks of loss,” the asset management firm says. “The multi-manager approach adopted by Vontobel will allow its clients to access a wide range of strategies made available by various managers, at a cost similar to that of a direct investment,” says Daniel Irion, portfolio manager at Vontobel Hedge Fund Solutions.
