Pioneer Momentum All Weather Liquidity Fund
A low risk fund of hedge funds that combines complementary yet
uncorrelated investment styles, each of which can profit whatever
the direction of global stock and bond markets. It aims to achieve
low volatility with constant positive returns.
This fund is a weekly trading mirror fund (What
are mirror funds?) (mirror
fund range) and is run along similar lines to the monthly traded
Pioneer Momentum All Weather Fund. The All Weather Liquidity Fund
varies from the All Weather Fund in that it has to have a higher
liquidity within the fund to allow weekly trading, as the original
All Weather Fund trades monthly. The Pioneer Momentum All Weather
Liquidity Fund is available through Friends Provident International Ltd
and some other insurance companies in the Isle of Man. The
advantage of using the All Weather Liquidity fund is that it is
available as a mirror fund and so your money can be switched in
and out at NO COST, as frequently as you choose.
Hedge funds provide a balance to equities, as their performance
is not correlated to equity markets. The Pioneer Momentum All Weather
Liquidity Fund combines complementary yet uncorrelated investment
styles, each of which can profit whatever the direction of global
stock and bond markets. This combination creates the opportunity
for the fund to achieve steady growth with minimal downside, in
all market conditions. The fund is designed to have very low volatility.
It is a weekly traded version of the Momentum All Weather Fund which
was started 5 years earlier.
The main All Weather Fund is now closed as it has reached capacity.
It will be replaced by the All Weather Strategies II Fund in September
2004. The new fund will follow very similar strategies and use some
of the same fund managers as the original fund, but with different
allocations. The All Weather Liquidity Fund will continue to accept
new business and will eventually feed into both the old fund and
the new fund.
- Produce stable, absolute returns, targeting 6% over LIBOR with
under 5% volatility, through diversified exposure to 10-15 fund
managers using a number of different investment strategies and
- No correlation to stocks, bonds or currency markets so that
it will provided consistent returns regardless of sudden market
- Invest using 10-15 hedge fund managers who adopt hedged equity
and trading investment styles and event-driven strategies. The
main areas of investment are:
- Equity Hedging
- Mostly invested in the US and Europe; small portion in Japan
The fund has achieved growth rates better than cash deposits with
extremely low volatility
Annualised Return (Since Inception, June 2000
- May 2004):
(Momentum All-Weather Liquidity has never
had a negative year).
Note: the Momentum All Weather Fund was started in April 1995 and
has achieved an annualised performance of 9.3% pa over the period
to end of 2003.
1.5% p.a. + 10% Incentive fee (high watermark)
Weekly : Latest fund prices
This fund may go down in value as well as increase. This risk
is reduced the longer the investment is held. Past performance is
no guarantee of future performance.
For background reference you may wish to read the information about
the original monthly fund. This is available directly or through
a portfolio bond.
AllWeather Strategies II Master Fund (USD)
AllWeather Strategies II Master Fund (EUR)
AllWeather Strategies II Master Fund (GBP)
AllWeather Strategies II Master Fund (CHF)
AllWeather Strategies II Master Fund (JPY)
graph of All Weather Fund