Key Takeaways
- • Aspect Capital has launched the Aspect Core UCITS Fund, a daily-liquid UCITS-compliant version of its Aspect Core Diversified Programme, with more than USD40 million of external capital at launch.
- • The underlying strategy, launched in 2014, manages roughly USD1.5 billion and trades medium-term trends across more than 100 liquid financial and commodity markets.
- • The new fund targets 12 per cent volatility and is aimed at institutional investors seeking uncorrelated returns in a liquid wrapper.
- • Aspect, founded in 1997 by Anthony Todd and Martin Lueck, manages USD8.8 billion across systematic strategies and is now offering its third UCITS vehicle.
Summary
Aspect Capital, the London-based systematic hedge fund and CTA manager, has unveiled a new daily-liquid, UCITS-compliant version of its Aspect Core Diversified Programme, according to Hedgeweek. The medium-term quantitative trend-following strategy is designed to meet growing institutional demand for uncorrelated returns amid rising market uncertainty.
The underlying computer-driven strategy was originally launched in 2014 and currently has about USD1.5 billion in assets. It seeks to generate alpha by identifying medium-term trend opportunities across more than 100 liquid financial and commodity markets. The new UCITS vehicle launches with more than USD40 million of external capital and carries a target volatility of 12 per cent. It is intended to give institutional investors exposure to one of Aspect's core strategies within a liquid structure.
Aspect was established in 1997 by Anthony Todd and Martin Lueck, who previously ran CTA pioneer AHL, now part of Man Group. The firm manages USD8.8 billion across managed futures, multi-strategy, alternative risk premia and currency strategies. The Aspect Core UCITS Fund is its third UCITS-compliant offering, joining the Aspect Diversified Trends Fund, a momentum-based quant fund with a track record of more than ten years, and the Aspect Systematic Global Macro Fund, launched in 2018, which applies a systematic relative value approach across global fixed income, equity indices, currencies and volatility.
Rosie Reynolds, Aspect's chief commercial officer, said the strategy offers investors "much-needed diversification in the form of a robust, liquid, UCITS-compliant vehicle". She pointed to uncertainty over equity valuations, declining bond yields and the threat of inflation as drivers of demand for diversifying, liquid solutions.
The underlying computer-driven strategy was originally launched in 2014 and currently has about USD1.5 billion in assets. It seeks to generate alpha by identifying medium-term trend opportunities across more than 100 liquid financial and commodity markets. The new UCITS vehicle launches with more than USD40 million of external capital and carries a target volatility of 12 per cent. It is intended to give institutional investors exposure to one of Aspect's core strategies within a liquid structure.
Aspect was established in 1997 by Anthony Todd and Martin Lueck, who previously ran CTA pioneer AHL, now part of Man Group. The firm manages USD8.8 billion across managed futures, multi-strategy, alternative risk premia and currency strategies. The Aspect Core UCITS Fund is its third UCITS-compliant offering, joining the Aspect Diversified Trends Fund, a momentum-based quant fund with a track record of more than ten years, and the Aspect Systematic Global Macro Fund, launched in 2018, which applies a systematic relative value approach across global fixed income, equity indices, currencies and volatility.
Rosie Reynolds, Aspect's chief commercial officer, said the strategy offers investors "much-needed diversification in the form of a robust, liquid, UCITS-compliant vehicle". She pointed to uncertainty over equity valuations, declining bond yields and the threat of inflation as drivers of demand for diversifying, liquid solutions.
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