VAM Funds has launched the Focused Global Equity Fund, a best ideas strategy incorporating portfolio hedging to reduce volatility and downside risk.
The VAM Focused Global Equity Fund is a Luxembourg-based UCITS IV compliant fund that combines two core elements:
• A concentrated and conviction-based focus on stock selection with a high active share that acts as the dominant driver of the fund’s performance,
• An active risk management strategy that supports the focused portfolio construction with the objective of reducing volatility and downside risk.
Nigel Watson (pictured), VAM Sales Director, says: “We’ve seen strong demand from advisers for a global equity fund that combines the objective of long-term capital appreciation with the aim of reduced volatility and downside risk, relative to the MSCI All Country World Index. The VAM Focused Global Equity Fund’s concentrated ‘best ideas’ stock selection approach focuses on company-specific earnings growth within global equity markets through a well-resourced and risk-managed investment process. The Fund will have a long-bias with net exposure generally being 60-90% ex-cash.”
Driehaus Capital Management LLC, the US-based growth and momentum-focused equities’ boutique and long-standing partner of VAM Funds, is the investment manager of the VAM Focused Global Equity Fund.
The Fund’s lead manager is Josh Rubin who has 15 years of industry experience and will be assisted by an analyst team with an average of13 years of industry experience.
Watson says: “In today’s uncertain and volatile markets there is clear demand from international advisers for a fund that can operate as the core global equity element within client portfolios while providing reduced volatility and downside risk.
“Many advisers are also attracted by a concentrated ‘best ideas’ approach to stock selection within a fund as this may be able to consistently outperform traditional global equity offerings.
“We have worked with Driehaus for more than a decade and it is a very successful investment manager with a long track record in US, global and emerging market equities, as well as alternative investments. Through our partnership, non-US investors have been able to gain access to these high growth strategies via our UCITS fund structure. The launch of the VAM Focused Global Equity Fund will provide investors with a new opportunity to invest in an active approach to global equities with downside protection providing the potential for more stable returns.”