UK boutique launches alternative diversified fund
London-headquartered systematic asset manager Aspect Capital has launched the Aspect Core Trend fund, which has been seeded for $100m by a European institutional investor.
The daily liquid fund, structured as a Dublin-domiciled Icav, aims to identify and capture directional price trends across a diversified range of 80-90 highly liquid financial and commodity futures and forwards markets. The strategy covers four asset classes: commodities, currencies, fixed income and stock indices.
The strategy seeks to deliver momentum-based returns, targeting an annualised volatility of 10%.
The Aspect Core Trend fund provides access to an existing strategy, the Aspect Core Diversified Programme, which has been available in separately managed account format and, in the US, as a ‘40 Act mutual fund since 2014.
Anthony Todd, CEO of Aspect, said: “This strategy benefits from the continuous research and development that has gone into the Aspect Diversified Programme over the past 20 years. It is able to take advantage of Aspect’s significant experience in developing and operating medium-term trend following models, which has always been our main focus.
“This extension of our investment offer reflects our commitment to provide investors with high quality systematic, quant-driven strategies globally via a range of appropriate fund structures and underpins Aspect’s prospects for future growth.”
Established in 1997, Aspect currently manages $6.4bn (€5.7bn).