Natixis Launches Global Macro Mutual Fund

Dec 4 2014 | 11:19am ET

Natixis Global Asset Management has launched a global macro mutual fund managed by its affiliate, AlphaSimplex Group.

The ASG Global Macro Fund pursues an absolute-return oriented, long/short strategy that employs a dynamic risk-managed approach to invest across a range of global markets.

“Investors and financial advisors are clamoring for accessible, liquid ways to invest in alternative strategies,” said David Giunta,president and chief executive officer at Natixis Global Asset Management–U.S. distribution, in a statement. “The ASG Global Macro Fund provides a solution by offering tools and techniques more widely available in hedge funds in a ’40 Act structure. It is designed to help broaden portfolio diversification beyond holding long positions in stocks and bonds while also helping to manage overall portfolio risk.”

The fund will invest in a broad range of asset classes and trading styles and may hold long and short positions based on a suite of systematic models designed to identify investment opportunities arising from interest rate trends, imbalances in asset supply/demand, government monetary policies, as well as other factors.

“The ASG Global Macro Fund employs an adaptive approach using liquid instruments and risk-sensitive models developed by our firm over the past 10 years,” said Duncan B. E. Wilkinson, CEO of AlphaSimplex Group. “In an environment where traditional risk assets have become highly correlated, we are looking to create a fund that has uncorrelated returns to U.S. equities, targets an annualized volatility level of 7.5% or less, and which we expect to be a good complement to a traditional portfolio.”

The fund is co-managed by Alexander D. Healy, Peter A. Lee, Philippe P. Lüdi and Robert W. Sinnott under the guidance of co-portfolio manager Andrew W. Lo, founder and chief investment strategist for ASG. Cash management specialist and Natixis affiliate Reich & Tang Asset Management sub-advises the fund’s cash investments. The fund’s benchmark is the Barclay Global Macro Index, which tracks the net-of-fees performance of approximately 150 global macro funds as reported by BarclayHedge, Ltd.

Cambridge, Mass.-based ASG manages more than $4 billion in institutional and mutual fund assets.

Headquartered in Paris and Boston, Natixis Global Asset Management's assets under management totaled $894.3 billion as of September 30, 2014.

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