Kestrel takes to the skies with global multi-asset UCITS fund

London-based Kestrel Investment Partners announced this week the launch of a new global multi-asset UCITS IV fund; the Kestrel Global Portfolio. The fund commences day one trading with GBP25million and has a Silver grading from S&P. John Ricciardi (pictured), CEO and fund manager at Kestrel Investment Partners, is to manage the fund and will be assisted by Max Royde. The Dynamic Asset Allocation investment process used in the new fund was first created by Ricciardi over 20 years’ ago, the central premise being that allocation decisions are made based on relative levels of risk across asset classes on a global basis. As such, the Kestrel Global Portfolio will use a variety of market instruments to gain exposure including bonds, ETFs, equities and commodities (presumably via commodity indices like the GSCI as funds cannot invest directly into commodities under UCITS rules). Commenting on the launch, Ricciardi said: “I am delighted to have launched the fund using the latest version of our Dynamic Asset Allocation methodology and joining forces and pooling expertise with the partners at Kestrel. I am looking forward to applying our latest technology to drive superior performance.”