AllianceBernstein launches alternative Ucits

AllianceBernstein (AB) has launched the Multi-Strategy Alpha and Diversified Equity Alpha alternative Ucits funds, to combine multi-manager ideas with daily liquidity.

The Multi-Strategy Alpha fund will invest in long/short equity, special situations/opportunistic, relative value credit and global macro strategies.

The Diversified Equity Alpha fund is a global long/short fund.

The funds will use the expertise of AB’s Alternative Investment Management Group. Led by Marc Gamsin and Greg Outcalt, the Group manages some $12.5bn in alternative assets on behalf of institutional clients and high net worth individuals.

Chris Bricker, head of Alternatives at AB said: “Alternative Ucits strategies which provide access to high quality managers without an incentive fee are resonating with European investors. These new funds seek attractive diversification with lower volatility than equity markets, and benefit from daily risk management. This European launch underpins the next phase for AB’s rapidly growing $25bn alternatives platform.”

AB is 36.0% owned by AllianceBernstein Holding and 62.7% owned by AXA, according to data to the end of June.



Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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