Global Multi-
Strategy Fund

Global Multi-
Strategy Fund

Diversification can be especially valuable
in turbulent and unpredictable markets

Most investors’ portfolios have traditionally relied on equities and bonds to provide their primary source of returns. However, as markets and investor behaviours evolve, so too do investment opportunities.

Declining bond yields and historically low cash rates, coupled with geopolitical uncertainty and a slowing global economy, has resulted in lower return expectations across a range of asset classes.

The gap between what investors are seeking, and what their investment portfolios have been delivering, is widening. As such, investors are increasingly looking to alternative sources of returns.

Our competitive advantage

Diversifying absolute return strategy

A globally positioned multi-strategy portfolio seeking to provide positive absolute return with low to moderate volatility and low correlation to both traditional and alternative asset classes.

A distinct range of return sources

The skill-based market neutral nature and low expected correlations between the underlying strategies seeks to enhance risk-adjusted returns for investors.

Explicit portfolio protection strategy

History shows that during periods of market stress, the prices for seemingly unrelated investments can become highly correlated. An explicit top-down portfolio ‘protection’ strategy seeks to generate uncorrelated positive returns during these periods of market stress.

Stable and experienced global multi-strategy team

A collaborative team of highly experienced investment professionals with a diversified skill set based in the UK, US and Australia.

A turn-key alternatives solution

The Janus Henderson Global Multi-Strategy Fund seeks absolute returns through investing across a diversified suite of skill-based, market neutral strategies, combined with a risk aware approach to portfolio construction and protection.

The Fund is designed to provide positive absolute returns, with low to moderate volatility and low correlation to both traditional and alternative asset classes. Our seasoned investment team seeks to deliver attractive risk-adjusted returns, regardless of market conditions.

A continuous global research effort aims to identify new sources of returns and avoid crowded trades.

Diversification works well in up markets, but is unreliable in down markets – like March 2020 – when investor panic induces risk assets to fall in a synchronised manner. We address this issue by running a set of protection strategies that aim to provide positive returns in down markets and are the mirror image of the diversified return-seeking strategies we use to generate returns in more normal markets.”

David Elms, Head of Diversified Alternatives

Investment strategies

The Fund invests in a diversified set of strategies at a bottom-up level, including convertible arbitrage, event driven, price pressure, risk transfer and equity market neutral, combined with a top-down protection strategy.

Convertible
Arbitrage

Aims to capitalise on mispricings of convertible bonds.

Event
Driven

Looks to exploit pricing inefficiencies around corporate events or capital structures.

Equity Market
Neutral

Seeks to deliver alpha by investing long and short across pan-European equities.

Price
Pressure

Aims to generate returns through the provision of capital to liquidity opportunities.

Risk
Transfer

Looks to capitalise on supply/demand-driven imbalances in the derivatives market.

Fixed Income, Currency and
Commodity Relative Value

Invests in Fixed Income, Currency and Commodity Relative Value opportunities.

Portfolio
Protection

Seeks to mitigate left tail risk through a multi-faceted protection strategy.

Ready to invest? Explore our fund page for more information