Swiss manager Pictet Asset Management has launched the Pictet Total Return Atlas fund on 15 November.
This Ucits IV compliant fund is a global equity long/short fund that aims to take advantage of mispriced stocks by combining detailed top-down analysis with intensive bottom-up fundamental stock-picking.
The team picks liquid companies identified through bottom-up fundamental research.
Portfolio exposure across regions and sectors is adjusted through detailed, top-down macro analysis, including business cycle indicators and liquidity conditions.
The Pictet Total Return Atlas fund is managed out of Geneva by a team of four led by Matthieu Fleck. Other managers are James Wigley, Adrien de Susanne d’Epinay and Philip Wilson.
Commenting on the launch, Matthieu Fleck said, “Global equity markets continue to be volatile, driven by increasingly short business cycles and a global shift from monetary to fiscal policy.
“This underlines the case for our long/short approach, which takes account of the top-down environment to drive our portfolio positioning and identifies where we are best rewarded to take risk, combined with rigorous bottom-up stock analysis to assess the relationship between price and fundamentals.”
The fund is currently registered for sale in Austria, Belgium, Denmark, France, Germany, Great Britain, Luxembourg, Netherlands, Norway, Spain and Sweden.
As of 30 September 2016, some $6.1bn (€5.7bn) of assets were managed in Pictet AM’s total return fund range that now tallies seven strategies.
Pictet Asset Management managed £129bn (€151.8bn) in assets as at end of September 2016.