The Lumyna – HBK Diversified Strategies UCITS Fund reaches 200 million dollars AUM
21 JUN, 2024
Lumyna Investments Limited announces a historic milestone for the Lumyna - HBK Diversified Strategies UCITS Fund, managed by HBK Capital Management: the fund has reached a managed asset of 200 million dollars, positioning itself as one of the largest UCITS fund launches in the last year. This success follows the launch of the fund on October 31, 2023, as a diversified strategies fund on the Lumyna Alternative UCITS platform.
Features of the Lumyna - HBK Diversified Strategies UCITS Fund
Since its inception, the UCITS fund has consistently offered positive and diversified returns, leveraging HBK's extensive multi-strategy experience developed for its main product, to create a highly diversified portfolio of investment strategies in the credit and equity markets.
The fund aims to offer stable returns, equal to the risk-free rate plus 300-600 basis points of alpha, with a relatively low volatility and a low correlation with most of the main markets. This is achieved through arbitrage strategies and relative value.
In a decidedly weaker period for liquid alternatives, the successful launch of the Lumyna-HBK Diversified Strategies UCITS fund demonstrates the strong underlying demand for non-directional diversifying strategies. With the recent market volatility, this need has become even more evident; and we are pleased to have collaborated with one of the best in this field to offer a truly innovative UCITS solution. HBK has demonstrated over the past three decades to consistently provide strong and stable returns in various market contexts, thanks to their highly differentiated approach to multi-strategy investments.
Paul Holmes, Managing Director and Head of Distribution at Lumyna
