Pictet Asset Management has introduced its Pictet TR-Aquila fund for external investors, which will offer exposure to liquid companies mainly in the US and Europe.
The new UCITS-compliant global market neutral equity strategy will prioritise key sectors including healthcare, TMT and consumer while avoiding heavily macro dependent companies.
The target is to offer long-term capital growth with low correlation to equity markets.
The vehicle has been managed internally by Asim Nurmohamed, Alexandre Diogo and Bharat Garg for many years.
It is currently registered for sale in Austria, Belgium, Denmark, Finland, France, Germany, Italy Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland as well as the UK.
Pictet TR-Aquila is the tenth fund in the firm’s total return fund range, which manages $9.5bn in assets.
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By GlobalDataPictet head of total return equities Doc Horn said: “We are delighted to be launching the Pictet TR-Aquila fund after the Aquila team has successfully managed the strategy inside of our multi-strategy funds since 2018.
“We believe this is a unique strategy within the UCITS landscape and one that will provide diversification to investor portfolios.”
Recently, Pictet also launched the Luxembourg-domiciled Pictet-Family fund that will invest in family owned businesses, where the founder or family holds a minimum of 30% of the voting rights.
The strategy targets family-run businesses with a tendency to outperform the broader global equity market and show distinctive management styles.