Myria AM launches absolute return fof

Myria AM, the asset management arm of Union Financière de France (UFF), has launched UFF Sélection Alpha A which is an absolute return fund of funds.

This fof aims to exploit equity markets’ potential with a measured risk.

UFF Sélection Alpha A will not be exposed to markets trends and will be almost systematically hedged in order to limit volatility’s impact.

A selection of securities will be part of the fof allocation, that should form 15% of the portfolio and that will be forward transferred into a dedicated mutual fund. Absolute return funds will account for 10% of the fof global allocation.

Myria AM’s managing director Pierre Bismuth said the firm favours equity funds in its current asset allocation but that a range of diverse asset classes could be invested over the coming years if opportunities are spotted.

As end September 2015, Myria AM manages over €6bn of assets under management.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and 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.

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