Myria AM, the asset management arm of Union Financière de France (UFF), has launched UFF Sélection Alpha A which is an absolute return fund of funds.
This fof aims to exploit equity markets’ potential with a measured risk.
UFF Sélection Alpha A will not be exposed to markets trends and will be almost systematically hedged in order to limit volatility’s impact.
A selection of securities will be part of the fof allocation, that should form 15% of the portfolio and that will be forward transferred into a dedicated mutual fund. Absolute return funds will account for 10% of the fof global allocation.
Myria AM’s managing director Pierre Bismuth said the firm favours equity funds in its current asset allocation but that a range of diverse asset classes could be invested over the coming years if opportunities are spotted.
As end September 2015, Myria AM manages over €6bn of assets under management.
'Excellent growth opportunity'