OPM to launch two multi-manager funds next year

OPM Fund Management is launching global and absolute return multi-manager vehicles early next year, based on existing products run for internal clients.

The EFA OPM Diversified Target Return multi-asset fund will aim to deliver 3% above the base rate over a market cycle. Capital preservation will be a major consideration for the absolute return product, says CIO Tony Yousefian. He will invest in long-only absolute return funds, direct equities, ETFs, near cash instruments and deposits, as well as using portfolio hedging and limited borrowing. The fund's core of about 70% will be global, long-only absolute return funds. Satellite allocations will include some direct investing, and structured products on equities, physical commoditie...