(Opalesque) As investors take a closer look at macro strategies, $6 billion Fulcrum Asset Management is building its presence in the US. The firm first opened its US office three years ago but is gaining new traction with investors looking to diversify their portfolios away from US equities, which are perceived to be expensive.
In May, the firm launched its Fulcrum Diversified Liquid Alternatives Fund, an unconstrained portfolio investing across real assets and alternative credit. The Fund has a target return of cash +4% per annum over rolling 5-year periods, offers daily liquidity and has no performance fees. Paul Seaton, who leads Fulcrum’s US group tells Opalesque that the new vehicle has been steadily attracting new investors. “The fund is available to both defined contribution and defined benefit plans, which gives plan sponsors a new option for diversification,” he says.
