Australian investment manager AMP Capital has launched a long/short quantitative fund to target Asian markets.
AMP Capital, which over A$142 billion in assets under management, has launched the new fund with US$25 million in assets.
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According to the company, the fund will have an investible universe of more than 800 equities across five countries.
The fund aims to generate net annual returns of 8-9% and has capacity of $1 billion.
The fund will be run by the same team which manages AMP Capital’s Australian multi-strategy funds, by applying hybrid approach that combines the quant technique of seeking alpha from long-standing behavioural biases with fundamental insights.
AMP Capital, co-head of multi-strategy equity funds, Mark McClatchey, said: "This hybrid approach allows us to capture the returns from value and momentum signals but we also take into account the stock-specific risks that traditional quant investors tend to overlook."
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By GlobalData"This approach delivers the best risk-adjusted outcomes for our investors," he added.
