Pictet Asset Management has expanded its total return range with the launch of a long/short global equity fund.
The PTR-Atlas fund, launched on November 15, will be managed by a team of four based in Geneva, led by Matthieu Fleck, and supported by James Wigley, Adrien de Susanne d'Epinay and Philip Wilson.
The fund, which is Ucits compliant, is the seventh offering in Pictet's total return range, which had combined assets under management of $6.1bn (£4.9bn). It joins long/short strategies for European and Chinese equity and global credit, and market neutral funds for European and Asian equity, and multi-asset.
Mr Fleck said: "Global equity markets continue to be volatile, driven by increasingly short business cycles and a global shift from monetary to fiscal policy.
"This underlines the case for our long/short approach, which takes account of the top-down environment to drive our portfolio positioning and identifies where we are best rewarded to take risk."