Assenagon launches Absolute Return Fund
German investment firm Assenagon has launched a new Ucits compliant Absolute Return Multi-Asset Fund, aimed at offering investors daily liquidity at an annual return of 3% and a volatility between 2 and 5%.
The fund, which will be managed by a team of portfolio managers headed by former Union Investment manager and head of Multi Asset at Assenagon Thomas Romig (pictured) selects from a broad universe of 500 strategies, including liquid alternatives, CTA/ managed futures and multi-strategy.
“We believe that forecasting short-term performance for a particular absolute return strategy generally makes little sense” comments Romig. “We therefore focus on the medium- to long-term potential of an individual absolute return strategy.”
“In structuring the portfolio, we focus on diversifying the loss scenarios of individual strategies, with the aim of minimising the fund’s exposure to classical market risks as much as possible” he adds.
While the fund will be available to institutional and private investors, it targets the former in particular due to its reporting compliance with the German Insurers Supervision Act (VAG) and Solvency II.