Columbia Threadneedle Investments has expanded its US equities range and launched the Threadneedle US Disciplined Core Equities Fund in its Luxembourg Sicav.
Managed by Brian Condon and Peter Albanese in Boston, the fund provides exposure to US large-cap companies through a quantitative approach with some fundamental analysis.
It targets outperformance of 150 basis points against the S&P 500 Index over a period of 3-5 years, with a target tracking error of 2-4%.
The fund is a long-only product and aims to hold around 80 stocks without weighting towards particular sectors.
The management team of ten is led by Condon, who is head of quantitative strategies, and currently manages more than US$18 billion (€16 billion) in assets, including more than $15 billion in a similar US mutual fund strategy.
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