Geneva-based Mirabaud Asset Management has launched a “dynamic allocation” multi-asset strategy. The strategy, which aims for long-term capital appreciation and protection against market losses, is managed by Pierre Pinel, chief investment officer for asset allocation products and balanced mandates.

Mirabaud explains that a dynamic asset allocation approach gives the flexibility to steer away from the reference index and thus offers lower correlation to traditional financial markets. This allows opportunistic investments in the most attractive asset classes and quick decisions when unanticipated events occur. The portfolio will invest primarily in liquid and transparent vehicles.

"Markets tend to move fast in shorter cycles and often finish at the same level they started at but with highly volatile periods in between. A passive approach will ultimately result in disappointing returns. The goal of any dynamic multi-asset portfolio today is to capture these intermediate trends in order to compound returns," Pinel said in a statement.

Pinel joined Mirabaud in September 2012 after 18 years with BNP Paribas’ asset management business.