Fund launches & closures

Amundi launches its first UCITS III multimanager absolute return fund

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Amundi launches its first UCITS III multimanager absolute return fund

The fund, Amundi Funds Multimanagers Long/Short Equity, is a new sub-fund of its Luxembourg-domiciled SICAV.


Andrew Watson: chief executive of Amundi

This sub-fund invests in UCITS III funds employing long/short and/or equity arbitrage strategies, as well as volatility management and is managed by a team at Amundi.

The fund aims to outperform Eonia by 5% per year while maintaining a maximum level of annual ex-post volatility of 8%.

The current environment of low interest rates, economic uncertainty and high volatility is particularly favourable for absolute return strategies, which aim to capitalise on the divergence in performance between securities,