Fund managers Amundi and CFM introduce multi-strategy return fund with an absolute focus
Amundi and Capital Fund Management Launch Multi-Strategy Absolute Return Ucits Fund
Paris-based asset managers Amundi and Capital Fund Management (CFM) have joined forces to launch a new multi-strategy absolute return Ucits fund. The fund, named Cumulus, aims to deliver returns with low correlation to traditional markets, addressing the growing demand for diversification in volatile market conditions.
The fund implements one of CFM's flagship multi-strategy programs, leveraging CFM's long-term experience in quantitative investing and the sourcing of alpha with low correlation to traditional markets. The strategies used in the fund are based on a complementary mix of relative value and directional strategies on futures and equities. The fund's investment process is quantitative and systematic.
Lionel Paquin, Deputy Head of Amundi Alternative and Real Assets, expressed excitement about partnering with CFM, stating, "We are thrilled to offer investors another differentiated investment opportunity through our collaboration with CFM." He continued, "The partnership combines CFM's quantitative and systematic approach with Amundi's operational platform and extensive reach."
Philippe Jordan, President of CFM International, shared similar sentiments, expressing his excitement about making the Cumulus strategy available to UCITS investors. He noted, "This partnership underscores Amundi's track record in carefully selecting and bringing to clients best-in-class strategies and managers from the alternative investment universe."
The Cumulus fund is a new launch by Amundi and CFM and is available on the Amundi Alternative Ucits Platform for eligible professional clients. The partnership between the two firms underscores Amundi's commitment to providing innovative investment solutions that cater to a wide range of investor needs.
The fund employs a diverse set of strategies across asset classes to capture alpha through various sources. Additionally, the fund uses a range of proprietary techniques, including machine learning and portfolio construction methods, to enhance its performance.
The manager leading the collaboration with Amundi for the provision of the Cumulus Strategy on the UCITS market is from Capital Fund Management (CFM), although the specific name of the manager is not mentioned in the available search results.
The Cumulus strategies aim to deliver absolute return with low correlation to traditional and alternative markets, making it an attractive option for investors seeking diversification in their portfolios. With its innovative approach and proven track record, the Cumulus fund is set to make a significant impact in the UCITS market.
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