Swiss asset manager Unigestion has launched its second long short equity strategy in partnership with its client Railpen that was announced in January.
The long /short Alternative Equity Compass fund relies on an “alternative risk premia” investment process.
It follows a pure alpha strategy aiming to exploit both positive and negative exposures to return drivers such as value, momentum, quality and size.
The strategy is also available in a Ucits daily liquid fund structure.
In December 2015, Unigestion and Railpen launched the long only “Equity Compass” strategy, that drawn £50m (€59.97m) net inflows and returned 5% in the first six months.
Commenting the launch of the fund, Alexei Jourovski, managing director and head of Equities at Unigestion said : “Our ability to co-create with clients and reach across our equities and alternatives teams, the latter being able to introduce expertly the shorting element of the strategy, means we can devise creative and innovative solutions underpinned, as all our strategies are, with our robust 360° risk management approach.
“We have had exceptional interest in our long only factor strategy from new and other existing investors who are eager to learn about how factors can be managed in their portfolios to deliver risk managed and diversified returns, and we are confident that the long / short version of the strategy will also be strongly received by the market.”