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Pie Funds launches 'alternative' option

Pie Funds is launching a new fund today that is designed to make the most of market falls.

Wednesday, November 1st 2017, 6:00AM

by Susan Edmunds

Chief executive and chief investment officer Mike Taylor said the Multi-Strategy Fund was a long-short strategy that would seek to make money from the best investment ideas from any asset class around the world.

It will be limited to $100 million in investment.

“We are nine years into an equity bull market, or as the Economist described it, a bull market in everything. Everything has been going up,” he said.

It was an opportune time to launch a fund with a strategy that could be used to take advantage when the market fell, he said. “Different asset classes perform in different times of the cycle.”

He said the threshold for investment would be high and the fund could include shares, bonds, property, private equity or themes such as clean energy.

“Our goal is to take advantage of mispricing in the marketplace and to have a fund that aims to make money in all market conditions.”

It would appeal to investors who wanted to have a portion of their portfolios in non-correlated assets, he said.

“It also fits in the alternatives bucket. We are seeing advisers allocate parts of portfolios to alternatives, private equity, unlisted companies, things like that. This is not meant t replace someone’s equity or property portfolio, it’s there to complement it.”

The fund will be available on all of Pie Funds' existing platforms.

Tags: pie funds

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Last updated: 15 November 2017 9:40am

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