Media release
LGT Capital Partners launches new hedge fund vehicle combining discretionary and systematic strategies
The newly launched portfolio offers investors direct access to the individual building blocks of the hedge fund strategies allocated to the LGT Endowment, the firm’s principal evergreen portfolio. The program invests equally in discretionary and systematic hedge fund strategies and offers monthly liquidity.
Pfaeffikon, 10 October 2024. The new commingled fund vehicle provides institutional investors and wealth management clients with streamlined access to hedge fund investments and offers regular liquidity. The program leverages LGT Capital Partners’ 25 years of experience in managing evergreen strategies through the LGT Endowment, the firm’s principal investment portfolio launched in 1998 – complementing our recently launched semi-liquid open-ended private equity and private credit strategies.
The hedge fund vehicle aims to deliver absolute returns with downside risk mitigation in any market environment. It is uncorrelated to traditional asset classes such as equities and bonds, and builds on LGT Capital Partners’ longstanding tradition of selecting best-in-class external hedge fund managers, as well as leveraging the firm’s direct, in-house quantitative investment capabilities.
The portfolio intends to invest in more than 30 hedge fund managers globally and to strike a balance between discretionary and systematic strategies. On the discretionary side, the focus will be on specialized teams that seek to generate profit through deep fundamental analysis in the form of single stock selection – investing in events such as mergers and acquisitions and various segments of the global credit markets. On the systematic side, the priority will be on quantitative hedge funds with strategies such as trend-following commodity trading advisors (CTAs), quantitative macro, short-term trading, equity-market neutral quants and AI/machine learning.
Roger Hilty, Partner at LGT Capital Partners, said: “We are pleased to offer our clients a new and efficient way to invest in the best of both worlds within the hedge fund universe: those that are traded by humans and those that are run by computer models. The result is a diversified portfolio consisting of 15 distinct sub-strategies aimed at generating alpha.”
LGT Capital Partners has been investing in hedge funds for 25 years and has been managing its investments primarily through its proprietary Managed Account Platform since 2000 to ensure maximum transparency, liquidity and capital efficiency.
LGT Capital Partners
LGT Capital Partners is a leading global specialist in alternative investing with over USD 100 billion in assets under management and more than 700 institutional clients in 44 countries. An international team of 850 professionals is responsible for managing a wide range of investment programs focusing on private markets, multi-alternatives and diversifying strategies, as well as sustainable and impact strategies. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in San Francisco, New York, Dublin, London, Paris, The Hague, Luxembourg, Frankfurt am Main, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney.
IMPORTANT INFORMATION
AuM is estimated and subject to change. Private market assets are stated in terms of committed capital. This marketing material was issued by LGT Capital Partners Ltd., Schuetzenstrasse 6, CH-8808 Pfaeffikon, Switzerland and/or its affiliates (hereafter "LGT CP") with the greatest of care and to the best of its knowledge and belief. LGT CP provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this marketing material are those of LGT CP at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This marketing material is provided for information purposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. This marketing material may not be reproduced either in part or in full without the written permission of LGT CP. It is not intended for persons who, due to their nationality, place of residence, or any other reason are not permitted access to such information under local law.
