Acadian “neutral” fund puts weight on stock selection

Boston-based Acadian Asset Management has launched a highly leveraged equity long-short fund that aims to neutralise exposure to the direction of equity markets.

Domiciled in Dublin, the Global Leveraged Market Neutral Ucits fund will use typically more than twice the value of the underlying capital in leverage.

The fund will take long and short positions from a universe of more than 40,000 stocks, aiming to balance its long and short positions so it is immune to the effects of a rising or falling market. The fund managers hope to generate returns by stock selection.

“Markets are at historic highs, which may indicate that a correction is likely in the near term,” says Alex Voitenok, director of long/short strategies at Acadian Asset Management. “A market downturn or increased volatility would support the opportunity for active stock selection by increasing dispersion and potentially sending some fundamentally sound stocks to attractively priced levels.”

Acadian launched its first market neutral strategy in the US in 2005.

©2014 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST