Geneva-based asset manager Unigestion has launched a second factor-based long/short strategy, the firm has announced.
The Alternative Equity Compass fund will be managed by Citywire A-rated Alexei Jourovski. The strategy was created in collaboration with Unigestion's client Railpen, a £21 billion (€25 billion) UK pension scheme for railway employees.
The newly launched strategy is based on the alternative risk premia investment process and aims to profit both from positive and negative exposures to value, momentum, quality and size. It is also available in a Ucits-compliant, daily liquid fund structure.
This is the second factor fund which was designed and developed in conjunction with Railpen, which is the investment manager for the £22 billion (€26.6 billion) Railways Pension Scheme. The first long only Equity Compass strategy was launched in December 2015 and has attracted £50 million since.Commenting on the launch Jourovski, who is also a managing director and head of equities at Unigestion, said: 'We have had exceptional interest in our long only factor strategy from new and other existing investors who are eager to learn about how factors can be managed in their portfolios to deliver risk managed and diversified returns.'
'We are confident that the long/short version of the strategy will also be strongly received by the market,' the fund manager added.