Tokyo headquartered Nomura has launched the Nomura Quantam SolCap Europe Fund.
It aims to offer clients long only exposure to the DJ EuroStoxx 50 Total Return index with reduced tail risk and targets institutional investors.
The fund is available in euro format in European markets including Austria, Belgium, France, Germany, Ireland, Italy, Spain and the UK.
The fund is backed by a formal bank guarantee issued by Nomura Bank International. It is part of the Nomura Alternative Investment Management Ucits funds range.
Nomura Alternative Investment Management is advised by Quantam, a quantitative asset manager based in France and the United States.
Jean-Philippe Royer, CEO of Nomura Alternative Investment Management said: “This new fund was established to provide risk controlled access to European equities with a formal bank guarantee for our institutional clients. It is a direct response to investors’ broad-based interest in equities upside potential but with a downside risk mitigation mechanism.”
Paul Fulcher, Nomura’s head of Asset & Liability Management solutions, EMEA, added: “Equity exposure can be very capital intensive. The SolCap fund uses an advanced solution, which should enhance the capital efficiency of equities under the Solvency II framework“.
Max Dupont, CEO of Quantam, said: “Quantam is delighted to join forces with Nomura for the SolCap fund, which embeds our advanced quantitative mechanism designed to firmly cap the fund’s local drawdowns using a rigorous scientific approach.“