By Daniel Lanyon on Tuesday 1 May 2018
The fund is targeting pension schemes, endowments and foundations as well wealth, private bank and family office clients.
Fulcrum Asset Management has launched the Fulcrum Diversified Liquid Alternatives fund, an unconstrained portfolio investing across real assets and alternative credit.
The fund will aim to offer a portfolio of liquid alternatives for DC and DB pension schemes, endowments and foundations as well as for wealth, private bank and family office clients.
It will target return of cash plus 4 per cent per annum over rolling 5-year periods. It will aim for lower volatility than equity markets and offers daily liquidity with no performance fees.
The UK-domiciled NURS fund will invest in collectives as well as direct investments and is the first fund to be launched by the new Fulcrum Alternative Strategies team, led by Matthew Roberts, who joined Fulcrum in January 2018.
Roberts says the demand for liquid alternative strategies is growing as investors are seeking greater diversification and risk-adjusted returns.
“We will be nimble to innovative new investment ideas and will generally hold our investments for a long time. We also have an objective approach to implementation and have structured the fund with a flat fee as we believe this is very important for our clients,” he said.