Adrian Lee & Partners (AL&P) has launched a new fund, the Global Macro Alpha Fund.
The firm says the fund was launched in response to client demand and seeks to generate consistent excess returns for institutional investors through diversification of macro asset class, region and alpha source, while minimising risks and volatility.
The fund is comprised of three distinct portfolios: global equities, global fixed income and currencies – a set-up designed to maximise independently expected asset returns and cross currency markets.
AL&P says that the investment process for the fund is founded on the exact same philosophy and methodology that generated its successful 28–year track record in active currency management.
The fund has a target absolute return of 7% per annum.
“There is strong demand from our client base for a global macro strategy that provides consistent uncorrelated alpha in different market conditions and leverages our unique research methodology and investment process,” says Adrian Lee, president and CIO. “Leveraging proven repeatable factors across three diversified asset classes and a range of distinct alpha sources, our Global Macro Alpha Fund maximises returns from currency and asset returns.”
AL&P manages in excess of $14 billion of assets from offices in London and Dublin for clients in the US, Europe and Australia.