OMGI Adds New Managed Futures Strategy To Liquid Alt Lineup

Feb 3 2017 | 11:17pm ET

Old Mutual Global Investors (OMGI) has launched a new long/short managed futures strategy aimed at expanding its existing liquid alternative product family with a higher volatility absolute return product.

The new fund, named the Old Mutual Systematic Positive Skew Fund, is domiciled in Ireland as a qualified investor alternative investment fund, or QIAIF, and aims to deliver a positive total return uncorrelated to bond and equity markets through systematically-derived positions in futures markets, according to an article in HedgeWeek. Managed to an expected volatility of 12%, the fund will allocate across interest rates, FX, equity index and commodities contracts, and concentrate risk exposures to assets showing positively skewed returns.

“Demand from institutional investors for sophisticated means of diversifying portfolios is on the rise,” said Paul Simpson, director of investments for OMGI, to HedgeWeek. “Old Mutual Global Investors has a long history of managing successful quantitative strategies, with the Old Mutual Systematic Positive Skew Fund addressing the gap in our stable for a higher volatility fund.”

The new fund comes just a few weeks after OMGI launched a new UCITS-compliant style premia fund that invests into value, quality, momentum and carry opportunities across equities, fixed income and currency asset classes.  

Founded in 2012, OMGI is the asset management unit of £119 billion London-based manager Old Mutual Wealth, which is in turn part of financial services conglomerate Old Mutual Group. The firm managed approximately £29 billion in AUM in liquid and illiquid investment strategies of September 30, 2016, with more than $8.7 billion in liquid alternatives.

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