Tages Eckhardt Systematic Short Term UCITS Fund

Investment Objective

The Fund’s investment objective is to seek to achieve long term capital growth. The strategy uses volatility as a key metric to identify and capture alpha by trading several models across multiple time horizons and volatility regimes Eckhardt’s unique analysis and understanding of volatility characteristics employs strategies across three system groups; short-term volatility trend, pattern recognition, risk off alpha.

Latest Meeting Note

Meeting 15 Jun 2021

Eckhardt Trading Company (ETC), a pioneer in the Managed Futures space specialising in short-term trading strategies, partnered in October 2020 with Investcorp-Tages Limited to launch the Tages Eckhardt Systematic Short-Term UCITS Fund. ... Read more

Eckhardt Trading Company (ETC), a pioneer in the Managed Futures space specialising in short-term trading strategies, partnered in October 2020 with Investcorp-Tages Limited to launch the Tages Eckhardt Systematic Short-Term UCITS Fund. The uniqueness to Eckhardt's strategy lies in their focus on volatility, and how they use it as a key predictive metric of price movements, with the aim to help reduce the lag often associated with price-only signals. Further, the short term nature of the strategy and focus on non-trend systems helps to produce a differentiated return stream compared to the average trend following strategy. The portfolio consists of trades derived from three core systems: short term volatility trend, pattern recognition, risk-off alpha strategy. The short-term volatility trend component uses the rate of change of volatility for entry and exit points across short time horizons, leading to typically earlier entries and exits than traditional trend managers. The pattern recognition engine trades recognisable patterns in the behaviour of volatility across 70 markets based on historical market data, with an average holding period of 2-5 days. Finally, the risk-off alpha strategy aims to capture alpha across the portfolio during volatility spikes and can participate in high vol market conditions when other systems do not. Research is at the heart of the firms culture and their trading strategies, with all systems going through a rigorous validation process before entering the live portfolio. ETC's risk framework is based upon utility theory and is the first step in any trade generation and ensures that the systems best ideas make it into the portfolio with the proper weighting.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 0.6 0.1 0.1 0.0 0.6 0.7 0.7 0.8 0.7 0.7 0.3 1.0 0.4
2019 0.1 0.5 0.5 0.1 0.3 0.5 0.4 1.0 0.1 0.9 0.0 0.5 0.1

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Close 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.