UK - Allianz Dresdner Asset Management is launching a balanced fund that aims to deliver absolute returns for schemes.
The fund, which will be available to schemes on both a segregated and pooled basis, will be run by ADAM subsidiary RCM.
It will draw on expertise throughout the group – such as specialist fixed income house Pimco and US large-cap value manager Oppenheimer Capital – to manage the fund.
RCM head of multi-asset products Curt Custard says the move is part of ADAM’s plans to deliver solutions to meet schemes’ need for outperformance and liability matching.
He added: “Increasingly we are being asked by our UK client base and consultants for assistance with liability-driven briefs.
“There does not appear to be too many firms that have the diversified product range, alpha sources and the risk management and overlay capabilities to deliver these types of solutions to their clients.”
RCM is also launching UK and global equity high alpha funds. RCM believes the funds are suitable for schemes as it feels that the industry is entering into a period of low nominal returns.
The UK fund aims to outperform the FTSE All-Share by 3-4 points, while the global fund aims to produce the same performance against the MSCI World index. Both funds will be available within RCM’s existing Open Ended Investment Company wrapper.
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