Alternative investment strategies present great diversity and display specific characteristics in response to fluctuating markets. These features have led UFG Alteram to organize its alternative product range into two main classes of funds of hedge funds.
Absolute Return Funds
Investing through specific alternative strategies, or through a dynamic multi-strategy allocation, produces returns which show low correlation, or even no correlation, with the traditional asset classes.
Single strategy Funds
Alteram Event
Specializes in event-driven strategies on many underlying assets, including equities, fixed income products and derivatives.
Objective: to outperform Capitalized Eonia + 5%, with an annualized volatility between 2% and 5%, over a 2-year horizon.
Alteram Arbitrages
Alteram Arbitrages specializes in various arbitrage strategies.
Objective: to outperform capitalized Eonia by 1% to 3%, over a 2-year horizon, with annualized volatility between 1.5% and 2.5%.
Alteram Arbitrages Plus
Alteram Arbitrages Plus specializes in arbitrage strategies, and aims at leveraging on these strategies through a 150% exposure to Alteram Arbitrages.
Objective: to outperform capitalized Eonia by 1.70% to 4.70%, over a 2-year horizon, with annualized volatility between 2% and 4%.
Alteram Stratégie Futures
Invests in managed futures strategies (CTAs, Commodity Trading Advisors).
Objective: to outperform Capitalized Eonia by 1% to 5% with an annualized volatility between 6% and 11%, over a 2-year horizon.
Multi-strategy Funds
Alteram Global Alternatif
Invests in all types of alternative strategies, including long/short equity, arbitrage, CTA and global macro.
Objective: to outperform Capitalized Eonia by 1.2% to 5.2%, with an annualized volatility between 2% and 5%, over a 2-year horizon.
Alteram Trésorerie Plus (€)
Invests 40% of assets in diversified alternative strategies.
The balance of the assets is invested in money market funds.
Objective: to outperform Capitalized Eonia + 1% with an annualized volatility between 0.7% and 1.3%, over a 1-year horizon.
Alteram Trésorerie Plus ($)
Invests 40% of assets in diversified alternative strategies.
The balance of the assets is invested in money market funds.
Objective: to outperform the Fed Funds Effective Rate + 1% with an annualized volatility between 0.7% and 1.3%, over a 1-year horizon.
Directional Funds
The objective of these strategies is to generate attractive risk-adjusted returns through the combination of a dynamic exposure to the market (beta) and superior stock-picking skills (alpha).
Single strategy Funds
Alteram Stratégie Actions
Invests in long/short equity strategies.
Objective: to outperform its benchmark (50% Capitalized Eonia plus 50% MSCI World in local currencies) with an annualized volatility between 4% and 7%, over a 2-year horizon.
Alteram ASIA
Invests in long/short equity strategies, focused on the Asia/Pacific region (70% Asia excluding Japan and 30% Japan).
Objective: to outperform its benchmark : 50% Capitalised EONIA + 50% MSCI AC Asia Pacific (LC), with an annualized volatility between 5% and 8%, over a 2-year horizon.
Alteram Optimal Equity
Invests in “core” assets to replicate the DJ EuroStoxx 50 and “satellite” assets in long/short equity funds.
Objective: to outperform, over a 5-year horizon, the DJ EuroStoxx 50 Total Return with a lower annualized volatility, and with, in addition, a dynamic protection floor initially set at 95 % of the benchmark value.
Alteram Long Short Europe
Invests in long/short European equity strategies.
Objective: to outperform, over a 2-year horizon, the benchmark (50% Capitalized Eonia plus 50% MSCI Europe in local currencies) with an annualized volatility between 4% and 7%.