Amundi and Capital Fund Management (CFM) have launched the Amundi CFM Cumulus Fund, marking the beginning of a new partnership in the alternative UCITS sector.

The fund aims to leverage Amundi’s capabilities in structuring alternative UCITS funds and CFM’s experience with methods and technology to build diversified multi-strategy portfolios.

It is available on the Amundi Alternative UCITS Platform for eligible professional clients including family offices, private banks, wealth and asset managers, and institutional clients.

The fund implements one of CFM’s multi-strategy programmes based on a mix of relative value and directional strategies on futures and equities.

Amundi and CFM said the fund was driven by a quantitative and systematic investment process, seeking to deliver absolute return with low correlation to traditional and alternative markets using a range of proprietary techniques, including machine learning and portfolio construction methods, and a range of strategies across asset classes to capture alpha through various sources.

Commenting on the fund launch, CFM International president, Philippe Jordan, said: “We are delighted to partner with Europe’s largest asset manager to make our Cumulus strategy available to UCITS investors.

“This partnership is an exciting development for CFM as it combines our quantitative and systematic approach, honed over more than 30 years of investing, with Amundi's market-leading operational platform and extensive reach.

“Our strategies aim to deliver returns with low correlation to traditional markets, meeting the growing demand for diversification in today’s volatile market conditions.”

Amundi deputy head of alternative and real assets, Lionel Paquin, added: “We are excited to partner with CFM, bringing to investors another differentiated investment opportunity to navigate today’s complex and global markets.

“CFM’s long-term experience in quantitative investing and the sourcing of alpha with low correlation to traditional markets is a valuable addition to our platform. The partnership underscores our track record in carefully selecting and bringing to our clients best-in-class strategies and managers from the alternative investment universe.”

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