M&G launches Ucits III version of Episode strategy

M&G has launched a Ucits III version of a global macro strategy it has run successfully for the Prudential life fund for a decade.

Targeted initially to sophisticated investors including the multi-manager and discretionary spaces, the M&G Macro Episode fund is run by Dave Fishwick and Eric Lonergan, who aim to use their extensive experience in behavioural finance to exploit irrational events in investment markets. M&G Macro Episode aims to deliver a higher return and lower volatility than global equities over the medium term, by taking long and short positions on an index level in equities, government bonds, credit, currency and cash. Since the beginning of 2001, the strategy employed for the Pru has delivered an...