Aurum Fund Management has launched the Aurum Dynamic Strategies Fund, a multi-manager, multi-strategy, alternative UCITS fund.
Kevin Gundle, CEO of Aurum Research Limited, Aurum’s UK subsidiary, says: “Aurum’s proximity to the hedge fund industry gives it a unique vantage point from which to evaluate and access the most interesting alternative UCITS launches: those that are coming from hedge fund managers.”
The firm writes that in an environment where European investors face negative interest rates and there is widespread concern about volatility in equity markets, the Aurum Dynamic Strategies Fund seeks to provide investors with lower correlation, lower volatility and better risk-adjusted returns than a balanced portfolio of equities and bonds.
The fund will be focused on macro and quantitative market neutral strategies, rather than equity based strategies and will offer attractive liquidity terms and greater transparency.
Aurum writes that its segregated operational due diligence team has applied its experience of examining hedge funds to the complexities and operational risks of UCITS; risks that are often overlooked or simply ignored by many investors. The investment research team will employ the same processes that it has applied to hedge fund selection since 1994 and while it has over 1,000 alternative UCITS funds on its research database, the new fund will invest in few than 2 per cent of them, in its commitment to quality.