For institutional investors in the Netherlands

Multi Strategy

This market-neutral, alternative strategy invests across a diversified set of bottom-up strategies combined with a top-down "protection" strategy.

Overview

ABOUT THIS STRATEGY

The team believes that investor constraints, behavioral biases, structural inefficiencies and capital flows lead to persistent investment opportunities. They seek to capitalize on these opportunities by investing globally across a diversified set of skill-based, market-neutral strategies.

A bottom-up, risk-aware approach to capital allocation aims to target the most attractive investment opportunities in any given environment, while top-down risk controls anchored on a protection strategy seek to manage total portfolio risk.

The result is a strategy designed to deliver positive absolute returns regardless of market conditions, at moderate levels of volatility with low correlation to both traditional and alternative asset classes.

INVESTMENT APPROACH

Diversifying absolute return strategy

The strategy aims to outperform over a full market cycle, with low beta and correlation to global equities, within an expected volatility range of 4 – 8%.

A distinct range of return sources

A diverse set of lowly correlated strategies aims to capture opportunities across market environments while seeking to maximize the risk-adjusted returns of the entire portfolio.

Explicit portfolio protection strategy

A top-down ‘protection’ strategy seeks to provide ‘crisis alpha’ during periods of market stress, while allowing the other strategies to remain positively exposed to resulting opportunities.

Stable and experienced team

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

INVESTMENT STRATEGIES

Invests in a diversified set of strategies at a bottom-up level, combined with a top-down protection strategy.

Convertible arbitrage

Aims to capitalize on mispricings of convertible bonds

Event driven

Aims to capture 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

Aims to capture pricing inefficiencies around corporate events or capital structures

Portfolio protection

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

FEATURED INSIGHT

Alternative Perspectives

Members of Janus Henderson’s Alternatives Team highlight key considerations for investors.

PORTFOLIO MANAGEMENT

David Elms

Head of Diversified Alternatives | Portfolio Manager

Industry since 1991. Joined Firm in 2002.

Steve Cain

Portfolio Manager

Industry since 1987. Joined Firm in 2010.

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