BOSTON--(BUSINESS WIRE)--Natixis Global Asset Management announced today the launch of the ASG Global Macro Fund (GMFAX), an alternatives mutual fund managed by AlphaSimplex Group, LLC (ASG). The fund pursues an absolute-return oriented, long/short strategy that employs a dynamic risk-managed approach to invest across a range of global markets.
“Investors and financial advisors are clamoring for accessible, liquid ways to invest in alternative strategies,” said David Giunta, president and chief executive officer, at Natixis Global Asset Management – U.S. Distribution. “The ASG Global Macro Fund provides a solution by offering tools and techniques more widely available in hedge funds in a ’40 Act structure. It is designed to help broaden portfolio diversification beyond holding long positions in stocks and bonds while also helping to manage overall portfolio risk.”
The ASG Global Macro Fund employs a diversified “go anywhere” strategy based on macroeconomic principles and designed to capitalize on market inefficiencies. The fund will invest in a broad range of asset classes and trading styles and may hold long and short positions based on a suite of systematic models designed to identify investment opportunities arising from interest rate trends, imbalances in asset supply/demand, government monetary policies, as well as other factors. Typical fund investments can include long and short positions in stock, bond, commodity, and currency markets. A “short” exposure seeks to benefit when the underlying asset decreases in price. A “long” exposure seeks to benefit when the underlying asset increases in price.
“The ASG Global Macro Fund employs an adaptive approach using liquid instruments and risk-sensitive models developed by our firm over the past ten years,” said Duncan B. E. Wilkinson, CFA, chief executive officer at AlphaSimplex Group. “In an environment where traditional risk assets have become highly correlated, we are looking to create a fund that has uncorrelated returns to U.S. equities, targets an annualized volatility level of 7.5% or less, and which we expect to be a good complement to a traditional portfolio.”
The fund is co-managed by Alexander D. Healy, Ph.D.; Peter A. Lee; Philippe P. Lüdi, Ph.D., CFA; and Robert W. Sinnott under the guidance of co-Portfolio Manager Andrew W. Lo, Ph.D., founder and Chief Investment Strategist for ASG. Cash management specialist and Natixis affiliate Reich & Tang Asset Management, LLC sub-advises the fund’s high-quality cash investments. The fund’s benchmark is the Barclay Global Macro Index, which tracks the net-of-fees performance of approximately 150 global macro funds as reported by BarclayHedge, Ltd.
About AlphaSimplex Group
AlphaSimplex Group, LLC is a
Cambridge, Massachusetts-based investment management firm that
specializes in researching and analyzing market behaviors and risk.
Using these insights, the firm creates liquid alternative products that
are designed to bridge the gap between hedge funds and traditional
investments. ASG’s investment philosophy is based on the Adaptive
Markets Hypothesis, a theory of market behavior proposed by
AlphaSimplex’s Chairman and Chief Investment Strategist, Dr. Andrew W.
Lo. AlphaSimplex is an affiliate of Natixis Global Asset Management and
manages over $4 billion in institutional and mutual fund assets.
RISKS
Derivatives prices depend on the performance of
an underlying asset and may be highly volatile; derivatives may carry
one or more of the following risks: market, credit and liquidity. Foreign
securities may be subject to greater political, economic,
environmental, credit, currency, and information risks. Foreign
securities may be subject to higher volatility than U.S. securities, due
to varying degrees of regulation and limited liquidity. These risks are
magnified in emerging markets. Non-diversified funds invest a
greater portion of assets in fewer securities and therefore may be more
vulnerable to adverse changes in the market.
Before investing, consider the fund's investment objectives, risk, charges, and expenses. Visit ngam.natixis.com or call 1-800-225-5478 for a prospectus or a summary prospectus containing this and other information. Read it carefully.
About Natixis Global Asset Management
Natixis Global Asset
Management is a multi-affiliate organization that offers a single point
of access to more than 20 specialized investment firms in the U.S.,
Europe and Asia. The firm ranks among the world’s largest asset managers.1
Through its Durable Portfolio Construction® philosophy, the company is
dedicated to providing innovative ideas on asset allocation and risk
management that can help institutions, advisors and individuals address
a range of modern market challenges. Recognized as the #1 U.S. mutual
fund family for 2013 performance in the annual Barron’s/Lipper Fund
Family Ranking,2 Natixis Global Asset Management brings
together the expertise of multiple specialized investment managers based
in Europe, the United States and Asia to offer a wide spectrum of
equity, fixed-income and alternative investment strategies.
Headquartered in Paris and Boston, Natixis Global Asset Management, S.A.’s assets under management totaled $894.3 billion (€708.0 billion) as of September 30, 2014.3 Natixis Global Asset Management, S.A. is part of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Global Asset Management, S.A.’s affiliated investment management firms and distribution and service groups include Absolute Asia Asset Management; Active Investment Advisors;4 AEW Capital Management; AEW Europe; AlphaSimplex Group; Aurora Investment Management; Axeltis; Capital Growth Management; Darius Capital Partners; Dorval Finance;5 Gateway Investment Advisers; H2O Asset Management;5 Harris Associates; IDFC Asset Management Company; Loomis, Sayles & Company; Managed Portfolio Advisors;4 McDonnell Investment Management; Mirova;6 Natixis Asset Management; Natixis Environment & Infrastructure Luxembourg; Ossiam; Reich & Tang Asset Management; Seeyond;7 Snyder Capital Management; Vaughan Nelson Investment Management; Vega Investment Managers; and Natixis Global Asset Management Private Equity, which includes Seventure Partners, Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian Private Equity and Eagle Asia Partners. Visit ngam.natixis.com for more information.
1 Cerulli Quantitative Update: Global Markets 2014 ranked Natixis Global Asset Management, S.A. as the 16th largest asset manager in the world based on assets under management as of December 31, 2013.
2 Barron's/Lipper 2013 one-year fund family ranking based on 64 qualifying U.S. fund companies. Each fund family must have at least three funds in Lipper's general U.S.-stock category, one world (global and international), one mixed-asset/balanced (stocks and bonds), two taxable bond and one tax-exempt bond fund. Natixis was not ranked for the 5- and 10-year periods. Past performance is no guarantee of future results.
3 Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-regulatory AUM includes assets which do not fall within the SEC’s definition of ‘regulatory AUM’ in Form ADV, Part 1.
4 Division of NGAM Advisors, L.P.
5 An affiliate of Natixis Asset Management.
6 A subsidiary of Natixis Asset Management.
7 A global investment unit of the Natixis Asset Management organization, operated in the U.S. through Natixis Asset Management U.S., LLC.
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