Aspect Capital (Aspect), a USD6.9 billion systematic investment manager, has launched a new Cayman-domiciled fund that will provide investors with access to the Aspect Systematic Global Macro Programme.
The Programme utilises a systematic relative value approach to global fixed income, stock indices, volatility and currency markets. It aims to generate absolute returns by managing a diversified portfolio to deliver low correlations to traditional and alternative asset classes, allocating its risk to over 25 individual models spread across 13 macro-economic themes.
The Cayman fund has been seeded with USD100 million of external capital and will provide investors with an alternative structure and investment domicile to the existing USD121 million UCITS-compliant fund which was launched in July 2018. The Systematic Global Macro programme manages USD378 million in total and returned 14.8 per cent in 2018 (net of fees).
Portfolio managers Asif Noor and Anoosh Lachin, who have more than 40 years’ combined finance industry experience, say: “Key to the success of the Global Macro Programme is its relative value nature, complete directional neutrality in each asset class, its diversified mix of models and its highly dynamic, regime-aware approach to risk management. The strategy aims to cope well in a broad range of market environments and our multi-factor approach results in low correlation to macro and trend indices.”
Anthony Todd (pictured), CEO of Aspect, says: “We have continued to see growing appetite for our Systematic Global Macro Programme and we place great emphasis on designing innovative investment solutions that are accessible through a range of vehicles. The Systematic Global Macro Programme has built a compelling track record and has proved to be of interest to investors across the globe as they look for a diversifier to traditional assets.”
