The new fund is an addition to Unigestion’s liquid alternatives cross asset product range.

Unigestion, the Geneva-headquartered, independent, asset management company specializing in risk-managed equity portfolios and alternatives, has launched a global macro fund within its liquid alternatives cross-asset range. (Citywire Selector)

The fund addresses the significant demand from investors for a product that can help them provide diversification in a liquid and transparent way given today’s environment of low yields and stretched valuations.

The fund assures portfolio diversification with upside participation in favorable environments and downside protection in risky ones.

Unigestion: Uni-Global – Global Macro Fund

The Uni-Global – Global Macro Fund manages long and short exposure to asset classes by combining three independent systematic and discretionary investment approaches – systematic macro allocation, discretionary macro allocation and systematic macro trading – that do not have a long-term, structural bias to any financial asset.

“The Uni-Global – Global Macro Fund, with its unique blend of systematic and discretionary investment approaches, seeks to deliver absolute and consistent returns over time,” said Jerome Teiletche, Head of Cross Asset Solutions at Unigestion.

Launch rationale

The fund is managed by Unigestion’s global macro and dynamic asset allocation team led by Guilhem Savry.

According to Savry, the current macroeconomic scenario is “challenging” for passive approaches, and comes after years of good results from diversified beta.

“We are in uncharted territory with generalized quantitative easing, large and potentially unlimited fiscal boosts, record low real interest rates and high equity valuations,” he observed.

“Moreover, we believe that some of the structural historic trends, such as ageing populations, globalisation or technological progress that have driven inflation pressures lower for decades, will change and potentially reverse following Covid, which has been a game-changer in many ways.”

The team uses quantitative tools to capture insights from macroeconomic and news data, including proprietary Newscaster and Nowcaster tools developed in-house.

Nowcaster flagged the rising risks from inflation in the first quarter of 2021.

Olivier Blin, Head of Systematic Strategies team, leads the firm’s quantitative efforts.

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