Man AHL TargetRisk

Investment Objective

Man AHL TargetRisk aims to generate capital growth over the medium to long term by providing exposure to a range of assets in a UCITS format. The Fund aims to deliver a stable level of return volatility, regardless of market conditions, by adapting exposures using a quantitative investment approach.

Latest Meeting Note

Meeting 11 Dec 2023

The AHL TargetRisk strategy employs a dynamic multi asset program that allocates capital based on a risk budgeting approach. The fund seeks to capture positive expected returns in each asset class (equities, credit, bonds/rates, and infl... Read more

The AHL TargetRisk strategy employs a dynamic multi asset program that allocates capital based on a risk budgeting approach. The fund seeks to capture positive expected returns in each asset class (equities, credit, bonds/rates, and inflation) while seeking to preserve capital in challenging market environments. The strategy employs a number of risk management overlays with the aim to modulate strategic allocations both in terms of overall risk take and the asset class mix. The risk management system is based on three distinct overlays: volatility, trend following and correlation overlay. The volatility overlay monitors market volatility and quickly adjusts exposures seeking a consistent level of risk. The trend following overlay is designed to detect downward trends seeking to reduce the exposure by up to 50% when prices are falling. Finally, the correlation overlay seeks to identify periods where bonds and equities become positively correlated and reduce exposures accordingly.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.8 0.5 0.2 0.4 0.1 0.6 0.7 0.3 0.9 0.3 0.6 0.1 0.8
2022 0.3 0.1 0.5 0.2 0.4 0.3 0.1 0.7 0.2 0.8 1.0 1.0 0.1

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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.