Lyxor Asset Management has launched a new alternative Ucits fund, the Lyxor / Bridgewater Core Global Macro Fund which offers clients access to Bridgewater Associates’ strategies.
The Fund – which began trading with €545m AUM – seeks to provide institutional investors greater access to these strategies.
The new fund, which is registered in Ireland, will be managed by Lyxor with Bridgewater acting as a sub-advisor responsible for implementing the investment strategy. Bridgewater is a renowned leader in institutional portfolio management and has $160bn assets under management.
Underpinned by Bridgewater’s systemised investment approach and understanding of how economies and markets operate, the fund will provide clients with access to the firm’s long-standing alpha and beta investment strategies in one vehicle, the group said.
The fund will be available through the Lyxor Alternative Ucits platform and daily liquidity with an emphasis on risk management and diversification.
Nathanael Benzaken, chief client officer at Lyxor, said: “The fund represents a unique opportunity for investors to gain access in a simple way to the fundamental, systematic and diversified investment approach which has been the hallmark of Bridgewater for decades and has provided value through multiple economic cycles.”
The fund is passported into nine countries – the UK, Germany, Spain, Italy, Switzerland, Luxembourg, Belgium, France and Singapore – and is available for a minimum subscription of €500,000 (Class I) and €250,000 (class A). Not all share classes are available or registered for sale in all jurisdictions.