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SMA Inception Date: 10/1/2008
Objective: Pursues an absolute return strategy that seeks to provide capital appreciation consistent with the risk-return characteristics of a diversified portfolio of hedge funds.

Why Choose This SMA?

  • To access the risk, return and correlation properties of a broad set of hedge funds through an SMA
  • To invest in a broad range of global asset classes
  • To maintain a stable risk profile across changing markets

Investment Strategy

  • Proprietary algorithms analyze the returns of thousands of hedge funds to determine how sensitive they are to the returns of various equity, fixed income, commodity and currency investments.
  • The analysis estimates hedge funds’ exposure to domestic and international equity indexes, global government bonds, interest rates, commodities, and currencies.
  • Based on this data, the fund takes long and short positions in 25 to 30 exchange-traded futures and forward contracts that represent the broad market exposures of the hedge fund industry.
  • As market risk levels change, position sizes are adjusted as often as daily, with the goal of maintaining a stable risk profile.

Portfolio Managers

Alexander D. Healy, PhD

Chief Investment Officer, Portfolio Manager

David E. Kuenzi, CFA®

Senior Research Scientist, Senior Portfolio Manager

Peter A. Lee

Senior Research Scientist, Portfolio Manager

Philippe P. Lüdi, PhD, CFA®

Senior Research Scientist, Portfolio Manager

Robert S. Rickard

Portfolio Manager

Investment Risks: All securities are subject to risk, including possible loss of principal. Please read the risks associated with each investment prior to investing. Detailed discussions of each investment’s risks are included in Part 2A of each firm's respective Form ADV. The investments highlighted in this presentation may be subject to certain additional risks. The views and opinions expressed may change based on market and other conditions. This material is provided for informational purposes only and should not be construed as investment advice. There can be no assurance that developments will transpire as forecasted. Actual results may vary. This document may contain references to third party copyrights, indexes, and trademarks, each of which is the property of its respective owner. Such owner is not affiliated with Natixis Investment Managers or any of its related or affiliated companies (collectively “Natixis”) and does not sponsor, endorse or participate in the provision of any Natixis services, funds or other financial products. The index information contained herein is derived from third parties and is provided on an “as is” basis. The user of this information assumes the entire risk of use of this information. Each of the third party entities involved in compiling, computing or creating index information disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to such information.

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