Natixis to bring managed futures fund to UK

Natixis Global Asset Management (NGAM) is bringing its US managed futures fund to the UK.

The asset manager is planning to launch a Luxembourg-domiciled version of the NatixisASG Managed Futures fund, which is run by the Alpha Simplex Group, a Natixis subsidiary. 

“We want to get to at least a Luxembourg-domiciled range and then if we find there is traction in the UK then we’ll launch a UK version,” says Chris Jackson, deputy chief executive at NGAM.

The US version of the fund has $2.47bn (£1.63bn) in assets, having been launched five years ago. The fund can go both long and short, aiming to reduce volatility and deliver returns in all markets. 

The fund has returned 9.38 per cent over one year and 8.25 per cent over three years, after charges of 5.75 per cent.

The move to launch a managed futures fund is in line with Natixis’ plans to expand its alternatives offerings in the UK, as it looks to bring more US strategies to the UK market.

“We have definitely seen a pick-up [in alternatives],” says Jackson. “People are less nervous about taking meaningful positions that may have been more difficult to justify in the past. There is less reticence to invest.”

As investors become more comfortable with alternative strategies they will move away from multi-strategy products and into more specific strategies, says Jackson.

Natixis has around $900bn of assets globally, with around $5bn of that in the UK retail space.