Alternative UCITS should attempt to do four things – make money in all markets; do so with limited volatility; give money back very quickly; and be simple, according to Tim Haywood from GAM.
London-based investment director Haywood told the Absolute UCITS Conference at the British Museum that making money in all environments is easier to say than do and to achieve the first three aims probably means sacrificing the fourth – as a lot of time is spent trying to explain what alternative UCITS do.
He and other panel members were discussing the advantages for institutional and retail investors allocating into alternative UCITS.
Julien Tizot (pictured below), head of alternative investments for French insurance company and pension fund AG2R La Mondiale, told the audience that he follows about 1,000 funds and with different risk-adjusted performance profiles.
He said: “Our job as a fund selector is to understand what the fund is supposed...