Pictet Select-Global Long/Short Equity has attracted close to EUR200 million in commitments since its launch on 29 August 2014.
The fund, which is managed by Geneva based Pictet Alternative Advisors (PAA), will be initially offered via a selection of ABN AMRO’s international private banking distribution channels.
Pictet Select-Global Long/Short Equity invests in 10 to 15 UCITS-compliant hedge funds within long/short equity and event-driven strategies. The portfolio has a weekly liquidity and is purposely diversified across sectors, regions and management styles to achieve efficient exposure to equity markets. The portfolio allows investors to participate in equity market upside while limiting the downside through active exposure management and long/short stock selection.
Nicolas Campiche, CEO of Pictet Alternative Advisors, says: “Pictet has been managing long/short equity portfolios since the early nineties, and we are confident that long/short equity can generate equity-like returns with limited risk. PAA will continue to use its extensive knowledge in selecting hedge funds and managing dedicated portfolios in order to best serve ABN AMRO’s clients.”
Marc de Kloe, head of funds and alternatives, ABN AMRO Private Banking, says: “Given the recent evolution of the alternative UCITS space, we believe that this is a unique and forward-thinking approach. Clients think of equity or fixed income exposure. This solution will allow our investors to build robust equity portfolios by accessing a range of specialist equity managers.”
