London-based HCM is one of the first investment
managers to launch a product that aggregates different indices
within a single fund.
HCM director Edward Wethered
The Luxembourg-domicile fund, MLIS Torrus Funds
Merrill Invest Structural Alpha Fund, has celebrated its first
anniversary last month and has $105 million in assets under
management. The fund has returned
1.48% this year to September.
Wethered, co-founder of HCM, says its objective is to
provide investors with absolute returns in a structure that has
better liquidity, transparent fees and increased regulation via
the UCITS structure.
The fund seeks to deliver absolute returns through a
multi-strategy approach that targets structural sources of
alpha created by market inefficiencies in different asset
"The balance of power between investment manager and