Fulcrum Asset Management’s recently created alternative strategies team has launched its first fund and is targeting UK pension schemes with liquid investments.
The London-based firm’s Diversified Liquid Alternatives (DLA) fund offers daily liquidity and has no performance fees.
Fulcrum has been building a team dedicated to alternative investments since last year after appointing a former Willis Towers Watson portfolio manager, Matthew Roberts (pictured), to lead the team.
The unconstrained DLA fund has a target cash return of 4% per annum and invests across real assets and alternative credit. It is domiciled in the UK and regulated under the Non-Ucits Retail Scheme, known more commonly as Nurs.
Fulcrum said the fund will offer exposure to liquid alternatives for defined contribution and defined benefit pension schemes, endowments and foundations as well as for wealth, private bank and family office clients.
Roberts said: “The demand for liquid alternative strategies is growing as investors are seeking greater diversification and risk-adjusted returns.”
The creation of Fulcrum’s alternatives team also saw the firm appoint Mark Horne in February, who was previously an independent asset management consultant.
Fulcrum has £4.7 billion (€5.3 billion) in assets under management.
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