Azimut’s Lux AM branch makes changes on two FoFs

AZ Fund Management, the Luxembourg-based asset management branch of Italian group Azimut, has renamed two funds of funds of the AZ Multi-Asset Sicav.

Both funds are managed by CGM-Compagnie de Gestion Privée Monégasque. The CGM Valor Bond Strategies Fund has been rebranded as CGM Alternative Multi Strategy Bond Fund, effective 11 September.

The fund invests in other fixed income strategies (govies, investment grade, high yield, convertibles, global and EM debt, insurance linked securities).

AZ Fund Management said that as from 11 September, the fund of fund will be enabled to invest up to 60% of its assets in alternative strategies such as these of long short credit and fixed income absolute return.

The fund had €28.36m of assets under management as of 9 July 2017 according to Bloomberg‘s data.

The CGM Valor Flexible Strategies Fund, launched in April 2014, has been renamed as CGM Alternative Multi Strategy Fund, effective 11 September.

As from today, the FoF can be exposed to a maximum of 75% in alternative strategies including credit long/short, equity long/short, equity market neutral, event driven and fixed income absolute return strategies.

Bloomberg‘s data suggests the fund’s AuM were €30.74m as at 9 July 2017.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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