Australian Boutique Plato Launches Equity Market Neutral UCITS Fund
Plato Investment Management, the Sydney-based asset manager, has made its first move into the UCITS space with the launch of the Plato Global Market Neutral Fund. The fund aims for returns in excess of 10% per annum. with zero correlation to equity markets.
The Plato Global Market Neutral Fund is the third sub-fund of the Pinnacle ICAV, a Dublin-based UCITS umbrella distributed by Pinnacle Investment Management.
The Plato Global Market Neutral Fund is spearheaded by lead portfolio manager David Allen and Plato CEO Don Hamson. Allen launched and co-managed the €6bn JPM Europe Equity Plus Fund3. He also managed the market neutral JPM Europe Equity Absolute Alpha Fund.
David Allen, lead portfolio manager, comments: “More data has been created in the last couple of years than in the entire course of human history. Our proprietary alpha engine dissects this information and helps us achieve our aim of generating positive returns for investors in both bull and bear markets.”
Nick Keem, director of distribution at Pinnacle Investment Management, adds: “Pinnacle is renowned for providing institutional resourcing for boutique asset managers, which allows investment talent – such as Plato – to continue flourishing in an environment free from unnecessary distractions. The launch of the UCITS Global Market Neutral Fund is particularly compelling in the current environment, as investors are increasingly seeking new low-beta opportunities.”