LONDON, UK – Lumyna Investments Limited (“Lumyna”) is proud to announce a landmark achievement for the Lumyna – HBK Diversified Strategies UCITS Fund (the “UCITS fund”) managed by HBK Capital Management (“HBK”). The fund’s assets under management (AUM) have grown to an impressive $200 million, positioning it as one of the biggest UCITS fund launches in the past year.
This achievement follows the fund’s successful launch on 31st October 2023, as a diversified strategies fund on the Lumyna Alternative UCITS platform. Since launch, the UCITS fund has consistently delivered steady positive and diversified returns, drawing on HBK’s extensive multi-strategy expertise developed for its flagship multi-strategy product, to create a highly diversified portfolio of investment strategies across both credit and equity markets. The UCITS fund seeks to deliver steady returns of the risk-free rate plus 300-600 basis points of alpha with relatively low volatility and relatively low correlation to most major markets by using relative value and arbitrage fund strategies.
Matt Moss (picture), HBK Investor Relations, said: “We are thrilled to see the Lumyna – HBK Diversified Strategies UCITS Fund reach this impressive milestone. The consistent growth of the fund underscores the trust investors place in our multi-strategy approach and our capability to generate stable returns across multiple market environments. This achievement fuels our commitment to continue harnessing our extensive multi-strategy expertise to create a highly diversified portfolio that seeks to deliver controlled volatility, low correlation to markets, and compelling risk-adjusted returns”.
Paul Holmes, Managing Director and Head of Distribution at Lumyna commented “In what has undoubtedly been a softer period for liquid alternatives, the hugely successful launch of the Lumyna-HBK Diversified Strategies UCITS fund shows the strong underlying demand for non-directional, diversifying strategies. With recent market volatility, this need has been brought into even sharper focus; and so we are delighted to have partnered with one of the very best in this space to deliver a genuinely innovative UCITS solution. HBK has proven themselves over the past three decades to consistently deliver strong and stable returns across multiple market environments, driven by their highly differentiated approach to multi-strategy investing”.
Picture: (c) Matt Moss, edited by altii