LGT Multi-Alternatives (LMA)
LGT Multi-Alternatives (LMA) brings together the firm’s expertise in alternative investments within a single solution, enabling clients to invest alongside the LGT Endowment in a distinctive portfolio of private market assets and diversifying liquid strategies. This approach provides immediate access to top-tier alternative investments, sourced directly or through partnerships with specialist managers, offering exposure to a broad range of return drivers.
What we do
We believe that a high-quality, diversified and resilient portfolio of alternative assets is essential to generate strong returns in different market conditions. LMA provides access to a well-established and differentiated portfolio spanning multiple alternative asset classes. Our strategy is designed to deliver attractive returns with limited volatility and low correlation to traditional investments such as public equities and bonds.
Key components of the portfolio include private equity, private credit, infrastructure, real estate and insurance-linked strategies, as well as quantitative and discretionary trading strategies. Currency risks are hedged to the reference currency, and all fee discounts are passed on to investors.
Our private equity allocation aims to enhance returns while maintaining diversification and controlled volatility. The alternative income allocation offers stable cash yields and inflation protection through diverse return sources. The hedge fund allocation seeks absolute returns with low correlation to equities and high liquidity.
Our actively managed portfolio is guided by three core principles:
- Bottom-up manager selection – Identifying some of the best sources of return and diversification
- Active top-down asset allocation – Dynamically adjusting portfolio exposure to capture the most compelling market opportunities
- Rigorous risk management – Maintaining disciplined oversight to continuously strive to protect capital and optimize risk-adjusted returns
Our diversified portfolio
- Private equity – Venture, growth, buyout and special situations
- Alternative income – Infrastructure, real estate, insurance-linked strategies and private credit
- Hedge funds – Systematic and discretionary strategies
Our approach
We believe the LMA fund offers significant benefits for investors. Most importantly, it is designed to deliver attractive absolute returns. In an evolving market and economic landscape, these returns are generated with limited volatility and low correlation to traditional markets.
Additionally, LMA provides the following key features:
- Proven expertise and strong alignment – Built on 26 years of experience in managing the LGT Endowment, LMA benefits from deep institutional expertise and a strong alignment of interests as it invests in the same underlying portfolios.
- Immediate access and diversification – Investors gain instant exposure to a mature, well-diversified, semi-liquid portfolio of alternative and private assets – without J-curve effects or the need for ongoing cash flow management.
- Favorable liquidity terms – The open-end fund structure provides investors with flexible liquidity, supported by a mix of securities, dividends, coupons and asset exits.
- Research-driven portfolio construction – Our strategy integrates long-term strategic asset allocation with the ability to make tactical shifts in response to evolving market conditions.
- Access to restricted opportunities – We specialize in capacity-constrained assets with the potential to outperform benchmarks and deliver strong, absolute risk-adjusted returns.
Access the key documents
Please visit fundinfo.com to access our monthly reports.
