In this edition of Selector Snapshot, we hear how a top investment professional is diversifying across a variety of asset classes.
Selector: Florian Rainer
Company: Matejka & Partner Asset Management
In fixed income we are focusing on ‘go anywhere’ products, strategies that can invest in a range of bonds, we want to have a flexible approach in this asset class.
We are currently looking at the Jupiter Dynamic Bond fund, as it has an improving track record and we think the fund manager - Ariel Bezalel - is very strong, and the team has had consistently good performance.
In alternatives, we are focused on the European equity spectrum at the moment. We have a lot of products that we are managing ourselves and we are also using the BlackRock European Opportunities fund.
It’s one of our favourite products and we like it a lot. It’s had really stellar performance over the past few years, David Tovey is really doing something different compared to other benchmark huggers and that’s something that we value.
There is a big possibility that we are going to increase our exposure to alternative funds in general. Currently, we are only slightly invested in here but we may increase our position over the next couple of months - as bond and equity markets are both quite expensive at the moment.
CTAs are very interesting for us, we like the MAN AHL product in that sector. Another fund we like in the alternatives space is the Salus Alpha Special Situations fund, again we may increase exposure.
At the moment we are really focusing on avoiding risk and being in absolute return products.
In terms of regulation, MiFID II is being discussed all over the industry. We do not yet know the exact implications for us but it will definitely affect the research side of things.
A big challenge will be the question of how to value equity research, having said that, MiFID II will definitely keep us busy over the next few months.