Fulcrum to launch two spin-out funds from Diversified Absolute Return strategy

Managed by Stephen Crewe and Fawaz Chaudhry

Fulcrum Asset Management will launch its Equity Dispersion and Thematic Equity Market Neutral (TEMN) funds on 31 July and 3 August respectively, with anticipated assets under management of $110m and $120m each.

The funds, which are two existing strategies within the firm's £943m Diversified Absolute Return portfolio, have been created to meet client demand. Fulcrum Equity Dispersion, which has been a strategy within DAR for the past three years, will be launched as a fund in its own right due to its strong performance during volatile periods - including during the mass market sell-off in March this year. Lyxor expands core ETF range with global government bond fund Managed by Stephen Crewe, the fund has long volatility exposure to large-cap global equities and "positive carry characterist...