SYZ Asset Management has launched a multi-asset absolute return fund to be overseen by a team led by Citywire A-rated Fabrizio Quirighetti.
The fund, formally called OYSTER Multi-Asset ActiProtect, was launched on 29 May as a Luxembourg-domiciled strategy.
Quirighetti, who is a named manager across five funds at the group, will work alongside Guido Bolliger and Claude Cornioley on the new approach.
The fund is designed to capture two-thirds of market outperformance with one-third of the volatility. It will work with an emphasis on providing returns during counter-cyclical cycles.
In a presentation at the group’s investor day in London, Bolliger said it will combine macro analysis with quant-based risk budgeting and a tactical overlay to reduce draw downs.
It will then allocate across investment sectors based on one of five overarching economic themes, which will be whether the current climate is pro-cyclical, stagflation, economic recovery, disinflation or defensive.
Allocations will then be made across bonds, equities and other asset classes depending on the current market climate. The fund has been model tested to ensure it can react to various historic market scenarios.
The launch of the fund coincides with the Swiss group Syz & Co. announcing Katia Coudray as the new chief executive officer of its asset management arm and head of its OYSTER funds range.
In an exclusive interview with Citywire Global, Coudray said one of her ambitions in the new post would be to further develop the group’s mixed asset, absolute return product range, with this fund being the first step in that direction.