TPT Investment Management (TPTIM) has launched a new liquid alternatives fund with capital from TPT Retirement Solutions’ defined benefit (DB) master trust.
The fund has £800m in assets invested in a broad spectrum of liquid alternative investment opportunities across credit and equity markets, the firm announced this morning.
The fund benefits from TPTIM’s scale to offer exposure to risk premia with a low correlation to listed equity and credit markets.
This is TPTIM’s fourth fund in a series of seven planned launches. TPTIM launched its first two alternative investment funds – Real Assets Fund and Secure Income Fund – simultaneously in June with combined assets of over £800m. In September it launched a £650m private assets fund.
Access to the new fund is available through TPT’s new fiduciary management service that builds on the successful model of scheme consolidation for the benefit of DB pension schemes.
The service enables schemes to benefit from increased diversification, better value through economies of scale, high-quality governance, and ongoing investment expertise, it said.
Andrei Paraschiv, portfolio manager for the Liquid Alternatives Fund at TPTIM, said the fund differentiates itself from the three previously launched funds allocating to a range of investment strategies with a low correlation to listed markets, within a liquid structure.
He said: “It is a great example of TPTIM’s ability to offer smaller, stand-alone schemes access to complex investment strategies through a simplified solution.”
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