Global asset manager Pioneer Investments has announced the addition of new liquid alternative strategies through simultaneous product launches across global markets.
Three strategies are available as US mutual funds and two are non-US funds available internationally. One of the strategies being offered in the US uses similar investment techniques to a strategy that has been available outside the US since 2010.
Giordano Lombardo, group chief investment officer, Pioneer Investments, said: "Liquid alternatives represent an important evolution for Pioneer and an area where we have made a significant commitment on a global scale. We believe global demand for liquid alternatives products will continue to grow as investors seek additional strategies beyond traditional fixed income approaches to manage interest rate and credit risks across all market cycles."
Pioneer’s liquid alternative capabilities build on the firm’s deep expertise in managing a wide range of fixed-income strategies aimed at navigating challenging global bond markets, including multisector and unconstrained bond, emerging market debt, and floating rate loan strategies.
Lombardo added: "We believe that our new suite of liquid alternatives strategies offers a differentiated approach that can help meet the needs of a wide range of investors. Pioneer’s approach to liquid alternative investing employs our entire global fixed income expertise in Boston, Dublin and London. We use absolute return strategies that seek to generate positive returns with low or negative correlations to broader fixed income and equity markets. As part of this process, we are expanding the use of our distinctive proprietary risk budgeting capability that we have been using successfully for several years to drive a highly disciplined investment process."
The new strategies are supported by Pioneer’s global fixed income team of 63 portfolio managers, 27 credit analysts and 12 portfolio construction / risk management analysts. The strategies leverage the company’s global resources in risk management, compliance, distribution, technology, and operations.
The products provide daily liquidity and transparency of portfolio holdings, and are available globally in Pioneer Investments’ markets where the products are registered.
The US fund launches are being supported by a wide range of new marketing and education material, including a web site (pioneeralts.com), in-depth blue papers, videos, a glossary of terms related to alternative investing, and access to product-specific materials and content.
In addition, specially trained Pioneer sales professionals will be working with financial intermediaries to assist them in preparing to educate potential clients on how these new funds might be incorporated as part of a diversified portfolio.
The funds are distributed globally through a wide range of financial advisors in retail and institutional share classes. Not all products are available in all jurisdictions.