Keep an eye out for new liquid alt funds from Putnam Investments
| Scott Sipple|
head of global investment strategies
The $162 billion Boston-based firm, Putnam Investments, will launch three alternative mutual funds with their affiliate and subadvisor, PanAgora Asset Management
sometime this summer.
These funds are the Putnam PanAgora Risk Parity Fund,
the Putnam PanAgora Market Neutral Fund,
and the Putnam PanAgora Managed Futures Fund.
"We are trying to smooth out our return stream," Scott Sipple,
head of global investment strategies at Putnam tells MFWire.
"We have a strong belief that these funds will compete very well."
PanAgora, a Boston-based institutional investment firm, was chosen to subadvise these funds due to "their great experience and capability in risk parity and the institutional asset management industry," says Sipple.
and team will PM for the Putnam PanAgora Risk Parity Fund,
and the Putnam PanAgora Managed Futures Fund,
while George Mussalli,
and team will PM for the Putnam PanAgora Market Neutral Fund.
Sipple believes these funds will successfully appeal to various channels of distribution amongst RIAs, financial planners, regional B-Ds, investment firms, and more.
The Putnam PanAgora Risk Parity Fund
seeks to offset risk while generating return, the Putnam PanAgora Market Neutral Fund
seeks uncorrelated alpha by investing in long/short equities, and the Putnam PanAgora Managed Futures Fund
uses a managed futures strategy designed to provide diversification and return.
Looking ahead, Sipple adds, "Putnam is always working on additional iterations of this product to put into the market for the future."
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