The Dublin-domiciled Absolute Insight Dynamic Opportunities Fund will launched a retail share class later this year.
The new fund will target investment returns that are not correlated to the performance of the wider stockmarket. It will be managed by Neil Walker, who also runs the institutional £631.6m Broad Opportunities Fund for the group.
The Broad Opportunities fund has delivered an annualised return of 5.8% per annum over the past three years, against its benchmark of three month GBP Libid. In the new fund, Walker will use non-directional derivative strategies to express his macro views.
The product will initially launch as a strategy within the group’s fund of internal funds, the Absolute Insight Fund, before the retail share class provides direct access.
The Absolute Insight range includes the flagship £540.8m Absolute Insight Fund, plus the Absolute Insight Credit, Currency, Emerging Market Debt and Equity Market Neutral funds.
The group said: “Insight Investment intends to launch a new strategy called Absolute Insight Dynamic Opportunities Fund. It will be managed by Insight’s experienced multi-asset team and will follow a predominantly top down macro approach by investing across a range of mainly non-directional derivative strategies based on different asset classes. The addition of the new strategy will add a new source of uncorrelated returns without having a material impact on the overall risk characteristics of the fund.”
