SGAM Alternative Investments offers retail access to hedge fund specialists
SGAM Alternative Investments has received authorisation in France, Italy, Portugal, the Netherlands, Spain, the United Kingdom, Austria and Germany for SGAM AI Equity Fund, a Ucits III Sicav fund that offers institutional and retail clients access to hedge fund specialists managing long-only or long-biased equity strategies.
The Luxembourg-domiciled Sicav umbrella fund was launched last September with three sub-funds providing access to long-only and long-biased US equity strategies implemented by three leading hedge fund managers, Caxton Associates, Highbridge Capital Management and Renaissance Technologies.
The three sub-funds aim to outperform the S&P 500 index using diverse investment approaches. The SGAM AI Equity Fund - Caxton Equity employs a bottom-up, research-driven management style, blending a growth/value approach with an opportunistic trading overlay.
The SGAM AI Equity Fund - Highbridge Statistically Enhanced Equity Portfolio U.S. uses a purely quantitative management style based on statistical arbitrage models, while the SGAM AI Equity Fund - Renaissance Institutional Equity uses mathematical and statistical methods in the design and execution of investment programmes.
The SGAM AI Equity Fund offers investors mutual fund-like characteristics such as daily liquidity, multi-currency share classes and accessibility, combined with a much lower minimum investment threshold than is normally applicable to funds with equivalent strategies. The minimum subscription to any single sub-fund is 1,000 USD, EUR, GBP or CHF (depending on the share class).
Thanks to its Ucits III-compliant structure, SGAM AI Equity Fund can be offered to a broad range of investors in Europe and in other jurisdictions where the fund has received authorisation. SGAM AI says it plans to launch other sub-funds in the SGAM AI Equity Fund in the near future.
SGAM Alternative Investments is a wholly owned subsidiary of Société Générale Asset Management with EUR53.3bn in assets under management at the end of March and 360 employees worldwide. The SGAM Group as a whole, including TCW and BAREP, manages a total of EUR66.6bn in alternative investments assets, of which EUR13.4bn is in hedge funds. SGAM had a total of EUR371bn in assets under management at the end of March.
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