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WITH a view to tapping the $600 billion self-managed superannuation fund (SMSF) market, Brisbane-based Arminius Capital has launched flagship funds for retail investors.
Arminius Managing Director Marcel von Pfyffer announced the launch of the Global Macro Multi Asset (GMMA) and Executive Money Market Account (EMMA) funds, which the company expects will grow to $60 million within the next six months.
According to von Pfyffer the time is ripe for offering investment capability to retail investors, and that the new GMMA and EMMA funds are expected to service the market in a clearer and more reasonable way.
"Mum and dad investors including retirees could be forgiven for being confused by the array of funds that quote returns in nominal terms, which fails to take account of inflation, or relative to benchmarks like indices which may obscure the fact that returns may be negative," says Von Pfyffer.
"We aim to avoid negative returns whereas some fund managers take credit for losing less money than the index.
"That's cold comfort if you are in retirement and relying on your investments to live."
This significant move for the hedge fund manager into the retail investor space follows a string of recent money management projects for wholesale clients including high net worth individuals, private companies and not-for-profit organisations.
Since founding Arminius in 2013, von Pfyffer says the company has only honed in on the markets it understands.
"As one of the few global macro hedge funds in Australia available to retail investors, our approach is to protect clients' money by delivering positive returns with lower volatility and risk and preserving capital," says von Pfyffer.
"We do this by investing only in products we understand, focusing on absolute and real returns, and offering a value-for-money fee structure."
In the past two years, Arminius has recorded more than $70 million under management.
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