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.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.