Lyxor Asset Management and Koris International have announced the launch of a dynamic core-satellite (DCS) alternative multimanager strategy, underpinned by the DCS model devised by Koris.
Koris will be the investment advisor of the fund while Lyxor will manage the weekly liquidity of the AIFMD-compliant strategy.
The fund seeks to achieve long-term capital growth while limiting drawdowns in adverse market conditions.
It focuses on the long-short equity segment and relies on a dynamic and innovative core-satellite approach.
The core strategy seeks to generate stable returns within a limited volatility by investing in a selection of managed accounts and alternative Ucits.
As for the satellite strategy, it aims to enhance the overall performance by adjusting the global beta upward or downward via long and short exposures to highly liquid index futures contracts.
“The Core-Satellite approach is particularly relevant in the current market environment characterised by high volatility but with upside potential” commented Philippe Malaise, chairman of Koris.
“This innovative strategy is a distinctive iteration of ‘regular’ long/short equity strategies, aiming to more efficiently capture opportunities in the equity space,” he said.
“We are very happy to extend our long/short equity range with this new launch. Lyxor’s investment platform now represents an investment universe of over 350 traditional and alternative funds, and $31.9bn (€28.7bn) of assets.
“We are confident that the partnership between Lyxor and Koris will ultimately benefit investors,” Jean-Marc Stenger, head of Investment Partners at Lyxor added.
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