Pictet AM launches market neutral equity fund

Led by Asim Nurmohamed

Pictet Asset Management has a UCITS-compliant market neutral equity fund giving investors weekly liquidity, adding to its total return franchise.

Pictet-TR Aquila will invest primarily in liquid US and European listed companies, aiming to generate long-term capital growth with low correlation to equity markets. To do this, it will avoid companies heavily dependent on the macro, instead focusing on firms in sectors such as healthcare, technology and consumer. The fund, which Pictet said has been managed internally for several years, will be managed by Asim Nurmohamed, supported by Alexandre Diogo and Bharat Garg. Pictet launches family-focused thematic fund Head of total return equities Doc Horn said the team had "successf...