GLOBAL - International financial investment group Platinum Capital Management is launching a new hedge fund with a focus on producing consistent absolute returns and low volatility in all market conditions.
Platinum says its new Platinum Premier Fund combines low correlation to the equity markets with low volatility and low risk, creating a structure able to side step poor performance and build stability.
The group claims the strategy has produced consistent returns in all market conditions because returns are not dependent on rises or falls in the equity or fixed income markets.
“We strongly believe this consistent, low volatility strategy should prove compelling for all types of investor particularly now there is a recognition that funds with a low or zero correlation to equities key investments in the current economic climate,” said Platinum chair Peter Sprecher (pictured).
Premier will invest long/short in UK, US and EU government securities with a short-term interest rate arbitrage overlay to hedge and enhance returns.
The new fund is constructed to target returns of 10 – 19% per year net of fees, consistent with the underlying managers’ track record.
According to Platinum, Premier is initially designed for institutional investors but is also available in three currency classes with a minimum investment of US$100,000, £60,000 or e100,000.
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