Thursday, April 4, 2019
9am – 2pm (lunch included)
Hotel Le Royal
12, Boulevard Royal, 2449 Luxembourg
Seminar organised in collaboration with
Multi-Asset Investment Specialist
Aberdeen Standard Investments
Lead Portfolio Manager
Bellevue Asset Management
Senior Portfolio Manager
Greiff Capital Management AG
“Diversification is the only free lunch in Finance.”
– Harry Markowitz
Under the current challenging market conditions, many investors are rethinking their portfolios and considering to increase allocations to alternatives. 2018 proved to be a difficult year for many Aternative UCITS funds, picking the right manager and strategy has become more important than ever.
Historically restricted to a small privileged audience, a broad range of Alternative strategies is now widely available in a regulated, liquid UCITS form. LuxHedge is the specialist data provider and knowledge center in this fast growing market. On this event for professional investors, 5 alternative fund managers will present their story, their approach to generate added value and their investment strategies that deliver absolute returns.
09:00 – 09:20
Welcome & Registrations
09:20 – 09:40
Alternative UCITS: Market overview, trends, fund selection & portfolio construction
Tim Vanvaerenbergh, CEO LuxHedge
09:50 – 13:05
In depth on Alternative Strategies
Multi Asset Absolute Return – Aberdeen Standard Investments
Multi-Asset Investment Specialist
Global Macro – Bellevue Asset Management
Lead Portfolio Manager
Event Driven – Greiff Capital Management AG
Senior Portfolio Manager
Multi Strategy Market Neutral – Schroders GAIA
Equity Long/Short Risk Premia – GS Fund Solutions
13:05 – 14:00
Standard Life Aberdeen plc is, created in 2017 from the merger of Standard Life plc and Aberdeen Asset Management PLC. Operating under the brand Aberdeen Standard Investments, the investment arm manages €629.9bn of assets, making it the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals. As a leading global asset manager, Aberdeen Standard Investments is dedicated to creating long-term value for our clients. The investment needs of our clients are at the heart of what we do. We offer a comprehensive range of investment solutions, as well as the very highest level of service and support.
Our Diversified Funds use a wide mix of alternatives and traditional asset classes with different drivers to achieve consistent return and reduce downside risk. The funds have an unconstrained approach can allocate across a suite of more unconventional asset classes, such as – infrastructure, loans, asset backed securities, absolute return strategies, insurance linked securities, aircraft leasing and litigation financing – as well as the more familiar – equities, bonds and property. The main aim is to achieve genuine diversification, being less susceptibility to equity market downturns with an attractive risk-adjusted return profile that helps shield it from the full impact of market stress.
Bellevue Group is an independent Swiss financial boutique listed on the SIX Swiss Exchange. Established in 1993, the company and its approximately 100 professionals are largely active in the areas of asset management and wealth management. The Asset Management segment offers a select range of active equity strategies in fast-growing markets, the healthcare sector and in other special themes such as owner-managed companies, as well as successful holistic investment strategies across all traditional asset classes.
BB Global Macro Fund
Absolute return strategies within a UCITS fund vehicle are a viable alternative for investors with conservative investment styles and profiles. The BB Global Macro (Lux) Fund has consistently achieved attractive returns across very divergent market environments. Its approach to asset management makes positive returns a reality, regardless of the general sentiment and environment on financial markets.
The Fund’s objective is to generate consistent absolute returns of 5-7% per annum with a Sharpe ratio of one in any market environment. The Fund invests globally in government bonds, equity indices, currencies and other asset classes with the possibility to build up long and short exposure. The portfolio is mainly invested in very liquid assets and the Fund offers daily liquidity.
Greiff Capital Management AG is a German investment management company located in Freiburg, Baden-Württemberg. Since its establishment in 2005, Greiff has grown into a specialized boutique delivering unique investment solutions. The core focus and strengths of the investment team are intelligent derivative, equity event driven and systematic equity strategies. Within the last two years, Greiff has been growing fast and overseas more than €1bn in AUM and moving forward we are keen to build on this success whilst continuing to provide quality services to our clients.
The portfolio of GREIFF “special situations” Fund consists of four components: SAFETY (domination and profit and loss transfer agreements, squeeze-outs), EVENT (e.g. merger arbitrage), SPECIAL SITUATIONS (equities in special situations) and HIDDEN ASSETS (unreported rights to subsequent compensation). Within this framework, the fund invests primarily in companies in German-speaking countries with attractive acquisition, restructuring and/or squeeze-out potential. Equities are selected using an internal and independently developed valuation system. The weighting of the individual components within the portfolio varies over time and depends on the condition of the M&A market. The portfolio also benefits from unreported hidden reserves arising from rights to subsequent compensation from ongoing litigation in connection with squeeze-outs and domination and profit and loss transfer agreements. The fund strives to generate returns independent of market performance while at the same time minimizing risk.
By bringing together people, capital and ideas, Goldman Sachs produces solutions and results for our clients. Our Fund Solutions team within the securities division helps clients access both unique internal cross asset content and a select group of external alternative asset managers.
The Goldman Sachs EFI Long Short Risk Premia Portfolio offers an allocation to five well-known and researched equity factors: Low Beta, Size, Value, Momentum and Quality. It is constructed to deliver diversified exposure, reflecting the interdependencies between the factors, while targeting a beta neutral portfolio.
The Goldman Sachs EFI Long Short Risk Premia Portfolio factors are supported by academic research, measurable using publicly available data and accessible via a liquid, long/short strategy. The long asset has a beta to the equity universe that is less than 1. The short asset is simply the MSCI Daily TR Gross World USD, adjusted for this beta exposure, thereby creating a beta-neutralized long short strategy.
Schroders is a global investment manager, helping institutions, intermediaries and individuals across the planet meet their goals, fulfil their ambitions, and prepare for the future. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for €508.2bn (as at 30/06/18) of assets for our clients who trust us to deliver sustainable returns. Today, we have 4,900 people across six continents focussed on doing just this.
Schroder GAIA Helix is a multi-strategy, multi-manager, market neutral hedge fund in a liquid format, comprising some of Schroders’ most effective alpha-generating strategies. Unlike many multi-strategy funds, Schroder GAIA Helix invests directly in its strategies and has full transparency of its positions, so the management team can respond quickly if required. The fund has access to over 150 high quality strategies across equities, fixed income, multi-asset and alternatives.