Trium Avala Dynamic Equity Fund

Investment Objective

The Trium Avala Dynamic Equity Fund is a low beta Equity Long/Short UCITS Fund. It has a target annualised volatility of 6-8% and aims to deliver a 9-11% annualised return with a low correlation to equities. 

Latest Meeting Note

Meeting 05 Jun 2023

The Trium Avala Dynamic Equity fund follows a consistent, repeatable and scalable systematic process utilising fundamental data, focussing on large and mid-cap European equities, with some US exposure. Avala's investment process is const... Read more

The Trium Avala Dynamic Equity fund follows a consistent, repeatable and scalable systematic process utilising fundamental data, focussing on large and mid-cap European equities, with some US exposure. Avala's investment process is constructed around two main components: the market neutral core and the variable bias. The market-neutral core relies on a style arbitrage process which dynamically allocates to over 40 proprietary stock-selection sub-models. These models draw from historical and forward-looking information about equity markets, including company health, profitability and atypical price behaviour. They are grouped into nine categories, including value, growth, quality, size, momentum, expectations, beta arbitrage, statistical arbitrage and information advantage. Variable bias, on the other hand, is a dynamic strategy that varies the net beta exposure of the long book relative to the short book in response to prevailing market conditions, constrained within a targeted beta range from -10% to +30%. Both components use a proprietary dynamic optimisation process, relying on long-term and short-term returns, to balance exposure aiming for optimal risk-adjusted returns.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 1.0 0.8 1.0 0.6 0.9 0.8 0.5 0.6 0.3 1.0 0.2 0.4 0.3
2022 0.8 0.2 0.7 0.4 0.9 0.5 0.8 0.0 0.9 0.8 0.9 0.3 0.6

or Register for Free

  • Access the full universe of UCITS Hedge Funds and Absolute Return Funds.
  • Build and curate a watchlist.
  • View the latest research.
Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.