The Swiss asset manager has unveiled a new strategy based on a factor investing process.

Geneva-headquartered Unigestion has launched the second of its two factor funds created in collaboration with client Railpen.

The first of the strategies is the £50 million long only Equity Compass strategy, which launched in December 2015 and returned 5 per cent in the first six months, outperforming its benchmark by more than 3 percentage points.

The second is the long/short Alternative Equity Compass strategy. It was launched mid-May 2016 and returned 0.65 per cent during the week following the UK referendum results. The fund follows a pure alpha strategy aiming to profit from both positive and negative exposures to return drivers such as value, momentum, quality and size. It seeks to provide a market neutral performance based on a risk-efficient long/short portfolio.

“We have had exceptional interest in our long only factor strategy from new and other existing investors who are eager to learn about how factors can be managed in their portfolios to deliver risk managed and diversified returns, and we are confident that the long/short version of the strategy will also be strongly received by the market,” said Alexei Jourovski, managing director and head of equities at Unigestion.

The strategy is also available in a UCITS daily liquid fund structure.

Unigestion has $19.5 billion assets under management, of which 93 per cent is managed on behalf of more than 270 institutional investors and 7 per cent on behalf of a few high net worth families.