AZ Sestante launches Global Macro Fund
AZ Sestante has announced the launch of its new Global Macro Fund which will use the investment management capabilities of its parent Azimut and their Luxembourg based investment management business AZ Funds Management.
The fund offered investment exposure to the Australian dollar denominated class of units, of the AZ Multi Asset Institutional Macro Dynamic Trading Fund, a Luxembourg domiciled fund managed by AZ Fund Management.
Also, it aimed to outperform the Reserve Bank of Australia (RBA) cash rate plus two per cent per annum before fees with volatility of less than four per cent and low correlation to traditional financial markets over rolling one year periods.
The company said the portfolio adviser for the fund was Massimo Guiati, who had been responsible for the strategy since 2008.
He has over 20 years of experience in investing with a background in derivatives trading and currently advises assets in excess of €1 billion.
AZ Sestante’s head of distribution, Andrew Davis, said: “It is exciting to be able to showcase Azimut’s global investment capabilities”.
“We have listened to advisers as to the type of investment product they are looking for and high quality, daily liquid, uncorrelated, defensive type funds are definitely on their wish list,” he said.
AUTHOR
Oksana Patron
Recommended for you
Perpetual Asset Management has launched its inaugural fixed income and credit active ETF, cashing in on the recent boom in the asset class.
Innovations in artificial intelligence are continuing apace with China leading global development, according to Betashares investment strategist Hugh Lam.
Funds under management at Pinnacle Investment Management are approaching $180 billion, helped by a substantial jump in FUM from its overseas affiliates.
Warakirri Asset Management has partnered with US-based investment manager ClariVest to give Australian retail and wholesale investors access to the firm’s global small companies strategy.
