Sydney-based specialist asset manager Plato Investment Management has entered the Ucits market with the launch of an equity market neutral fund.
Plato Global Market Neutral Fund aims for returns in excess of 10% per year with zero correlation to equity markets. The Fund is the third sub-fund of the Pinnacle ICAV, a Dublin-based Ucits umbrella distributed by Pinnacle Investment Management, which is an Australian-based multi-affiliate investment management firm with more than US$37bn in AUM across thirteen investment affiliates, including Plato.
The new strategy is run by lead portfolio manager David Allen and Plato CEO Don Hamson. Allen has extensive experience in this space, launching and co-managing the €6bn JPM Europe Equity Plus Fund3. He also managed the market neutral JPM Europe Equity Absolute Alpha Fund.
David Allen, lead portfolio manager, comments: "More data has been created in the last couple of years than in the entire course of human history. Our proprietary alpha engine dissects this information and helps us achieve our aim of generating positive returns for investors in both bull and bear markets."
Nick Keem, director of distribution at Pinnacle Investment Management, adds: "Pinnacle is renowned for providing institutional resourcing for boutique asset managers, which allows investment talent - such as Plato - to continue flourishing in an environment free from unnecessary distractions. The launch of the Ucits Global Market Neutral Fund is particularly compelling in the current environment, as investors are increasingly seeking new low-beta opportunities."