- Fiduciary Management
SECOR Asset Management announces 50% growth in AUM of Hedged Equity Fund in first year
SECOR Asset Management, an independent global investment advisory and risk management firm, today announced a 50% growth in AUM of their Hedged Equity Fund (SHEF) in the first year. The fund, which is a protected equity solution using futures, options and diversified multi-asset, was launched in April 2021 with approximately £110 million in assets under management (AUM) of investments from UK-based pensions schemes. It has now reached an AUM of ~£163 million (as of 30th April 2022) with Year-To-Date (YTD) performance 3.12% ahead of the MSCI ACWI benchmark.
Dmitri Smolansky, Portfolio Manager, said: “Since launch last year, SHEF is providing much needed equity downside protection for our institutional clients, thriving despite recent market volatility environment caused by the Russia-Ukraine war, inflation, interest rate hikes, rising commodity prices and other global geopolitics, pandemic, supply chain impact and concerns of stagflation. The Fund’s strong YTD performance vs the benchmark also illustrates that robust investment process combining options and defensive, systematic, macro strategies can provide equity downside protection.”
Dmitri Smolansky continues: “We hope that UK pension funds are starting to see that equity downside protection can improve the risk return trade-off of the equity allocation and produce strong performance during significant equity market drawdowns. This could have a big impact on a schemes’ portfolio.”
SECOR manages approximately £2.29 Billion of hedged equity AUM (as of March 31, 2022).
THIS IS A MARKETING COMMUNICATION. Please refer to the prospectus and KIID of Skyline Umbrella Fund ICAV – SECOR Hedged Equity Fund (“Fund”) https://iqeq.com/skyline before making any investment decisions. Investing in the Fund entails certain risks, including the possible loss of the entire principal amount invested. Please refer to the prospectus for a description of the applicable investment risks.
Not an offer or solicitation: This document is not intended as an offer or solicitation with respect to the purchase or sale of any security, including investments in of Skyline Umbrella Fund ICAV – SECOR Hedged Equity Fund (“Fund”) or any other investment fund or vehicle advised by SECOR. It is not intended for distribution to, or use by any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation. Investments may only be made on the terms of the prospectus relating to the Fund (“Prospectus”) and the applicable subscription form. Investors should rely only on the Prospectus in making a decision to invest even if certain descriptions contained in this document are more detailed than those contained in the Prospectus.
Not investment advice or recommendation: This document is not intended to provide and should not be relied upon as an investment recommendation or for financial, legal or tax advice. You should consult your financial, tax, legal, accounting or other advisers about the issues discussed herein.
Past and future performance: No representation is made that the Fund, or any investment will or is likely to achieve its objectives, that the Fund’s strategy is risk-free, that any investor will or is likely to achieve results comparable to the actual or projected performance shown, will make any profit at all, or will be able to avoid incurring substantial losses. Past performance is not indicative nor a guarantee of future results. Unless otherwise indicated, any performance or other financial information is unaudited and has been compiled by SECOR; [the performance data is shown net of fees and expenses and presumes reinvestment of income]. An individual investor’s performance may differ from the performance results shown due to number of factors.