Natixis Global Associates (NGA) has launched a new fund named Natixis ASG Diversifying Strategies Fund (DSFAX) in conjunction with AlphaSimplex Group (ASG). According to the company, the Natixis ASG Diversifying Strategies Fund is available only to the US investors through A, C and Y shares. AlphaSimplex seeks to deliver through actively managed global portfolio of long and short positions. The minimum investment is $2,500 for A and C shares, $100,000 for Y shares.
Reportedly, the fund follows a risk-managed absolute-return strategy and is managed by Andrew Lo. The DSFAX is to manage a low-to-negative correlation with major equity indexes by selling S&P 500 futures when necessary. The company has added that the fund is designed to provide absolute returns with diversification benefits, while also offering daily liquidity, transparency, and volatility controls.
Andrew Lo, one of the portfolio managers of the new fund, said: “We designed this fund to answer a broad-based need for portfolio diversification with low to negative long-run correlation to the major equity markets within a liquid and transparent mutual fund vehicle.”
