Victory Capital Management and affiliate Austin Capital Management introduced a portable alpha strategy and liability-driven investing capabilities, according to a news release. The portable alpha strategy allows investors to select which beta to overlay onto a low-volatility multistrategy fund of funds, and the LDI strategies range from a completely immunized portfolio to a portable alpha offering that uses swaps as an interest rate hedge.
Victorys fixed-income offerings can be combined with Austins packaged portable alpha strategy in a customized weighting to meet nearly any client liability stream, the release stated.
Victory Capital Management has $60 billion in assets under management, and Austin Capital has roughly $1 billion in its hedge fund-of-funds. Victory CEO and President Bob Wagner could not be reached for additional comment.