Pictet Asset Management has launched PTR-Agora, an equity market-neutral fund, as part of its total return fund range. The fund aims to identify catalysts affecting share prices at European large cap companies, including corporate restructurings and M&A activity.
The fund will invest in 35 core investment strategies through long and short positions, in order to remove market risk and obtain alpha, or returns due to manager skill. The fund is UCITS IV compliant with weekly liquidity and daily transparency. The lead fund manager, Elif Aktug, said: “In our view, a long/short equity fund is the best way for investors to capitalise on the multiple opportunities arising in the areas of restructuring and M&A.”