Alternative Investment  

Fulcrum launches diversified liquid alternatives fund

Fulcrum launches diversified liquid alternatives fund

Fulcrum Asset Management has launched a diversified multi-asset fund to invest in alternative assets.

The fund will be invest in real assets, alternative credit vehicles and other diversified assets.

The unconstrained vehicle will aim to achieve a return of cash plus 4 per cent over a rolling five-year period.

It will invest both in other funds and directly in the underlying securities.

The fund is managed by Matthew Roberts, who joined the firm in January 2018, and offers daily liquidity with no performance fees.

The UK-domiciled daily dealing NURS fund will invest in collectives, as well as direct investments and is the first fund to be launched by the new Fulcrum Alternative Strategies team, drawing on experience of managing portfolios of third-party long-only and hedge fund strategies with environmental, social and corporate governance (ESG) research input.

According to Mr Roberts the Fulcrum Diversified Liquid Alternatives fund will offer exposure to liquid alternatives for defined contribution and defined benefit pension schemes, endowments and foundations as well as for wealth, private bank and family office clients.

Mr Roberts said: "The demand for liquid alternative strategies is growing as investors are seeking greater diversification and risk-adjusted returns. 

"We will be nimble to innovative new investment ideas and will generally hold our investments for a long time. We also have an objective approach to implementation and have structured the fund with a flat fee as we believe this is very important for our clients."

Ian Lowes, managing director at Lowes FInancial Management in Newcastle, said this fund is unlikely to be on his radar as an option for clients, until it has achieved a three-year track record, at the very least.

david.thorpe@ft.com