Natixis Global Associates today launched the Natixis ASG Diversifying Strategies fund, a mutual fund that aims to deliver annual returns, after fees, of LIBOR plus 500 basis points, with “low-to-negative” correlation to major equity indexes, according to a Natixis news release.
The fund will be managed by Andrew W. Lo, chief investment strategist of Natixis affiliate AlphaSimplex Group and finance professor at the Massachusetts Institute of Technology.
The strategy, which institutional investors can also access through separate accounts, employs a variety of absolute-return models, using futures and currency forward contracts to adjust a global portfolio of long and short positions in response to market conditions.
