Invesco Launches New Hedge Fund
Invesco Asset Management has unveiled a new hedge fund, the
new product, would be utilizing the Equity Market Neutral Strategy for
trading purposes, according to the released statement.
About Invesco asset management’s new hedge
fund
The new portfolio is being managed by the Invesco Global Structured Products
Group (GSPG). The investment team is comprised of 56 professionals who
would undertake the day-to-day management and trading decisions, ranging
from analytical research and portfolio construction to product management
and investment technology, the released statement explained. The management
teams are drawn from hedge fund investment professionals would be based
in Boston, New York, Frankfurt and London.
The new Invesco hedge fund targets an annual return of 8%, managers would
construct stock portfolio utilizing fundamental research in selecting
securities to be included in the portfolio. The portfolio managers would
focus on US mid-cap and large companies, and would be implementing a risk
controlled and cost effective trading philosophy.
Commenting on the new hedge fund product, Brett Bastin, the head of product
development for absolute return strategies for the Invesco Group said,
“Whilst there has been a pick up in the equity market, many investors
recognize the convergence between traditional long-only investing and
investing in absolute return strategies”. Bastin added, “Launching
a pure equity market neutral hedge fund is well-timed to meet demand from
investors who seek the benefits of an absolute return strategy which offers
low draw down and low correlation to traditional asset classes, or from
investors who seek an alpha which can be ported to the index or benchmark
of their choice”.
Paul Oranika
Editor-in Chief
Hedgeco.net
Email: Editor@hedgeco.net
Related Reading:
 What
is a Hedge Fund?
Gemini
Investments Strategies Launches New Hedge funds
BNP
Paribas Asset Management Company Launches Three New Hedge Funds
Emergent
Asset Management Launches Two New Funds
Focus
Investments Set to Unveil New Fund of Funds Product
|
