Boutique multi-manager Maia Capital has moved a third of its Cautious portfolio into alternative funds, in an attempt to protect investors from the worst of the current market turmoil.
The Resolution Asset Management joint venture recently completed its Cautious transformation, with the addition of the $270m Artemis Global hedge fund. Maia’s Cautious portfolio now has a third of its assets in fixed income absolute return and equity market neutral offerings, while holding just one UK fund and no commodity or property vehicles. The rest of the Cautious portfolio is split between equity and specialist fixed income funds - including a 7% global convertibles allocation. Maia says the move to esoteric assets enables the Cautious portfolio to be “less market sensitive”. “Th...
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