Spanish manager Banca March and Syz Asset Management have teamed up to launch a fund of funds that will invest in alternative assets.
BM Alternativos, the new investment vehicle, will invest in Ucits funds following a broad range of investment strategies such as equity hedge, event driven, global macro, and relative value.
While Banca March's views on equity markets will determine the fund's assets allocation to equity hedge strategies, the Spanish manager will also take into account the markets outlooks of Syz Asset Management when building the fund's portfolio.
The partnership with Syz Asset Management, which is the asset management business of the Swiss bank Banque Syz, follows last September's advisory agreement reached between the Spanish manager and the US alts boutique K2 Advisors.
During the last year and a half, Banca March has significantly expanded its funds offering with the launch of a series of hedge funds added to its investment offer under the Ucits umbrella.