Allianz Global Investors has launched two of its US-based liquid alternative strategies for the UK market via its Luxembourg UCITS range.
The Allianz Multi-Asset Long/Short and Multi-Asset Opportunities funds have been expanded to the UK following successful launches in the US in December last year.
Both funds seek to generate risk-adjusted returns independent of volatile market conditions, and invest in a broad range of assets including currency, commodities, fixed income and equities.
The Multi-Asset Long/Short fund is managed by Rahul Malhotra and aims to perform like an equity, taking advantage of both positive and negative market trends, while the Multi-Asset Opportunities fund aims to perform like a bond seeking to benefit from only positive market trends. It is managed by Claudio Marsala (pictured).
Both managers are based in the US, as part of the group's multi-asset team. AllianzGI is responsible for around $129bn in multi-asset investments across the globe.
The group said: "We are pleased to now be able to offer our UK clients access to these new liquid alternative strategies, following their successful debut in the US last year, strengthening our range of multi-asset products available to UK investors.
"Liquid alternatives can provide clients with an alternative to traditional investments like equities and fixed income by providing equity or fixed income-like returns but with low correlation to broader markets, providing the benefits of diversification alongside daily liquidity."
AllianzGI has been expanding its alternatives business in recent years and now has over €18bn of assets in the space.
Last month the firm's head of retail Europe, Mathias Mueller, said he is keen to grow AUM for AllianzGI's alternative 'pillar' and expand the range across the globe.
He said: "We have launched several new strategies with very long track records but they are only available to US investors at the moment.
"We need to be humble and acknowledge the fact UK investors prefer domestic vehicles, be they OEICs or investment trusts."
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