Amundi makes a virtue of equity volatility
Mon Feb 27, 2012
For many hedge funds, equity market volatility has been a curse of late. For Amundi’s equity volatility funds, it is the raison d’être of the manager’s whole strategy
With hedge funds of all styles struggling to maintain an even course in the post-crisis world, the task has been made all the more difficult for many by the high levels of market volatility that have endured since the financial downturn first took hold.
Whipsawing markets have caught many long/short managers off guard, and even those who have generally been positioned to withstand such fluctuations are likely to have seen their returns in some way dampened. For some, equity market volatility has been a force to be reckoned with or a hurdle to overcome; the worst hit will probably hear the phrase and grimace.
For some funds, though, volatility is not just a beneficial factor but a vital one – the driving force behind their returns and the one characteristic of the markets that is essential for their strategies to thrive.
Amundi’s Absolute Volatility Euro Equities Fund is a...
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