12 May 2022
SECOR Asset Management, an independent global investment advisory and risk management firm, today announced a 50% growth in AUM of their Hedged Equity Fund (SHEF) in the first year. The fund, which is a protected equity solution using futures, options and diversified multi-asset, was launched in April 2021 with approximately £110 million in assets under management (AUM) of investments from UK-based pensions schemes. It has now reached an AUM of ~£163 million (as of 30th April 2022) with Year-To-Date (YTD) performance 3.12% ahead of the MSCI ACWI benchmark.
Dmitri Smolansky, Portfolio Manager, said: “Since launch last year, SHEF is providing much needed equity downside protection for our institutional clients, thriving despite recent market volatility environment caused by the Russia-Ukraine war, inflation, interest rate hikes, rising commodity prices and other global geopolitics, pandemic, supply chain impact and concerns of stagflation. The Fund’s strong YTD performance vs the benchmark also illustrates that robust investment process combining options and defensive, systematic, macro strategies can provide equity downside protection.”
Smolansky continues: “We hope that UK pension funds are starting to see that equity downside protection can improve the risk return trade-off of the equity allocation and produce strong performance during significant equity market drawdowns. This could have a big impact on a schemes’ portfolio.”
SECOR manages approximately £2.29 Billion of hedged equity AUM (as of March 31, 2022).
For more information please visit: www.secor-am.com.
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