What's New In Investments, Funds? - PIMCO, Pictet

Editorial Staff

3 October 2018

PIMCO
group, has expanded its Total Return fund range, launching the Pictet-TR Akari fund, a UCITS-compliant Japanese equity market-neutral fund with weekly liquidity.

Pictet-TR Akari aims to achieve long-term capital growth with low equity market correlation, by combining bottom-up stock selection with Japanese market specific technical factors. The fund will take exposure principally to liquid and mainly large-cap stocks while targeting overall beta neutrality.

The fund will be managed by senior investment managers Teruhiko (Eric) Nishimura and Tomohiro (Tomo) Yamaguchi, who are based in Tokyo. The team has been managing capital in Pictet Asset Management’s flagship multi-strategy fund (Diversified Alpha/Alphanatics) since 2016.

The fund is registered for sale in Austria, Belgium, France, Germany, Great Britain, Luxembourg, Netherlands, and Spain. This is the eighth fund to be launched as under Pictet Asset Management’s Total Return fund range, which now has a combined AuM of $10.3 billion at 31 August 2018.