Amundi has partnered with Machina Capital SAS (Machina), a specialist in mid-frequency quantitative strategies with a market-neutral approach, to launch the Amundi Machina Systematic Equity Fund, marking the beginning of a new relationship between the firms.
Available on the Amundi Alternative UCITS Platform for eligible professional clients, including institutional clients, family offices, private banks and wealth, and asset managers, the fund employs a systematic equity market neutral strategy that seeks to identify trading opportunities over less than a month. The fund’s ambition is to generate alpha with low correlation to equity markets and market conditions, monetising signals that are aggregated using various techniques, including machine learning and a long track record of data in a variety of market environments.
According to a press release, the fund leverages both Machina’s expertise in systematic investing and Amundi’s know-how in structuring Alternative UCITS funds.
Arnaud de Lasteyrie, Machina’s CEO and CIO, said: “As a technology-driven investment manager, Machina will harness advanced mathematical and statistical methods to deliver strong risk-adjusted returns within a UCITS format, capitalising on Amundi’s robust operational platform and business development expertise. True to its innovation-focused DNA, Machina’s team aims to introduce a unique, uncorrelated source of alpha to the UCITS market.”
Amundi has been investing in alternatives for decades and pioneered the managed account platform business, managing $4bn in client AUM. The Amundi Alternative UCITS Platform is well regarded by the hedge fund community as one of the largest allocators globally to offer high-conviction alternative funds, advisory mandates and fund of funds.
Machina is a Paris-based investment firm founded in 2017 by seasoned equity derivatives traders and quantitative research professionals and has over $700m of assets under management.
