2nd Jul 2020 12:09
(Alliance News) - Berkshire, England-based currency manager Record PLC on Thursday announced the launch of a new multi-asset strategy.
The strategy, called dynamic macro strategy, will be headed by John Floyd, who has over 25 years experience in macro and currency investing, Record said.
"[The strategy] will utilise FX, fixed income, equity indices, and commodities in order to create absolute returns which are uncorrelated with traditional assets and other hedge funds.
"[It] will be run in addition to the currency sleeve, where net returns were 5.7% over the past 12 months. The dynamic macro strategy is targeting annualised double digit returns," said Record.
Floyd said: "It provides investors access to a broader range of assets such as fixed income, commodities and equity indices.
"The broader mix of assets will allow for a more direct expression of investment views, while targeting higher returns that are not necessarily correlated to equity market movements, as we witnessed in much of the recent Covid-19 period."
"The timing of this launch is particularly opportune to capitalise on what we perceive as once-in-a-generation macro opportunities," Floyd added.
Record shares were down 1.2% at 38.77 pence on Thursday in London.
By Greg Roxburgh; [email protected]
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