Bringing you live news and features since 2006 

Old Mutual Global Investors marks anniversaries of two alt funds


Old Mutual Global Investors has marked the anniversaries for two of its funds managed by Ian Heslop, Amadeo Alentorn and Mike Servent. 

The USD1,422 billion Old Mutual Global Equity Absolute Return Fund celebrated its fifth anniversary and the USD103 million OM Arbea (Hedge) Fund was one year old.
In the last 12 months, the assets under management of these two funds have grown by USD1.3 billion. The Old Mutual Global Equity Absolute Return Fund has returned 3.9 per cent, 9.0 per cent and 7.0 per cent annualised over one three and five years respectively, whilst the OM Arbea hedge Fund has returned 8.4 per cent since launch.
Donald Pepper, managing director of alternatives, says: “We are delighted that clients are seeing, and enjoying, the benefits of a strategy that has delivered genuinely uncorrelated returns. This is an objective also achieved by our other two hedge funds, the Old Mutual UK Specialist Equity Fund, managed by Ashton Bradbury, and the Old Mutual Global Statistical Arbitrage Fund, managed by Paul Simpson.”
Launched in July 2009 and domiciled in Dublin, the objective of the Old Mutual Global Equity Absolute Return Fund (a UCITS fund) is to deliver absolute returns over rolling 12 month periods that have a low correlation with equity and bond markets, through a market neutral portfolio of around 700 global equity stocks. 
The team’s approach is to rigorously assess companies against criteria including stock price valuations, balance-sheet quality, growth characteristics, efficient use of capital, analyst sentiment, and supportive market trends. 
The team builds a diversified portfolio of stocks that is expected to outperform in the current macroeconomic environment, while applying stringent risk-management techniques, carefully controlling turnover and trading costs, and maintaining strict limits on sector and stock positions.
The OM Arbea Fund shares the same investment process as that of the Old Mutual Global Equity Absolute Return Fund.  Domiciled in the Cayman Islands, the fund is a global equity market neutral fund with an investable universe covering 3,500 liquid stocks across developed markets, and the major emerging markets of Korea, India, Taiwan and China (through Hong Kong).  The objective of the fund is to target nine per cent volatility using gross leverage of between 300 and 400 per cent and aim to ensure that the correlation of the fund’s returns to equity returns is very low.  The fund is aiming for a return of cash plus nine to 10 per cent annualised.  

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by