Man, Nomura Launch UCITS Fixed-Income Fund

Jul 16 2013 | 10:52am ET

Man Group has teamed with Nomura to launch a UCITS version of their fixed-income fund.

The Nomura Man Systematic Fixed Income UCITS Fund, which will attempt to capitalize on the current low-interest rate environment, is based on a strategy run since 2012 by Man Systematic Strategies (part of AHL, Man's managed futures arm).

The new fund will be co-managed by Andre Rzym, former head of fixed income at AHL, and Stefan Sluke and will focus on directional opportunities in emerging and developed swaps, futures and FX markets. It will trade a balanced portfolio of 50 markets based on 300 systematic trading signals.

Said Sandy Rattray, CEO of AHL-MSS in a statement: “Traditional fixed income investing is clearly challenged in the current environment with interest rates being close to zero percent. In contrast, the backdrop for alternative fixed income investing is favorable: the competition for pursuing alpha opportunities has diminished as banks have reduced their risk taking in fixed income markets considerably since 2008, creating the potential to generate strong returns. However, it has been difficult for investors to tap into these opportunities in a UCITS-compliant way with daily liquidity. We are therefore pleased to make such an offering available to investors.”

Man Group and Nomura already run a $1.5 billion Japan fund and work together to raise assets. MSS will actively run the new strategy with Nomura providing access via a range of investment products.

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