Fulcrum Asset Management launched the Luxembourg-domiciled Sicav version of the TM Fulcrum Diversified Absolute Return fund, with some $65m in assets. This enhances Fulcrum’s ability to meet demand for its suite of diversified, multi-asset solutions from a global client base spanning the UK, Continental Europe, the US, Latin America and Australia.
Launched in September 2008, the $4.4bn Fulcrum Diversified Absolute Return strategy is an unconstrained approach that aims to achieve positive real returns across the economic cycle, with lower volatility than equity markets. The strategy is diversified across equity, fixed income, commodity and diversifying strategies and is managed with strict risk controls to ensure stable and consistent returns.
Commenting on the launch, Andrew Stevens, chief executive said: “Fulcrum has seen considerable growth, with funds coming from domestic investors as well as from those in other jurisdictions including the Americas, Australia and increasingly Continental Europe. The launch of this Sicav continues our drive to ensure that our products are available in the most accessible structure for our clients.”