Downing: Launch of Innovative Liquid Alternatives Fund
Funding | Jan 13, 2025 | Downing LLP
Downing LLP has announced the launch of the MGTS Downing Active Defined Return Assets Fund, its first offering from the newly established Liquid Alternatives team. The fund, designed for institutional investors, discretionary fund managers, IFAs, and sophisticated individual investors, plans to deliver returns of 7% to 10% per annum. The fund primarily involves UK government bonds and large-cap equity index options, offering scalability and liquidity. Downing's team includes seasoned professionals such as former BlackRock executive Tony Stenning and ex-Atlantic House CEO Russell Catley. The innovative financial strategy relies on a mix of systematic derivative strategies and active management, aiming for stable returns even in challenging markets. Despite the potential risks, such as capital loss and liquidity issues, the fund aims to diversify risks and is a response to the increasing concentration in large-cap tech stocks.
Sectors
- Financial Services
- Investment Management
Geography
- United Kingdom – Downing LLP is based in the UK and the fund involves UK government bonds, signaling a UK focus.
Industry
- Financial Services – The article discusses a new fund launch by Downing LLP, a company in the financial services sector.
- Investment Management – The focus of the article is on the launch of an investment fund targeting specific financial returns.
Financials
- 7% to 10%+ per annum – The expected annual return of the MGTS Downing Active Defined Return Assets Fund.
- Minimum investment: 100,000 – Minimum amount required to invest in the fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Downing LLP | Fund Manager | Company | A UK-based financial services company launching a new liquid alternatives fund. |
| Tony Stenning | Head of Liquid Alternatives | Person | A former executive at BlackRock and the CEO of Atlantic House Group, now leading Downing's Liquid Alternatives team. |
| Russell Catley | Head of Retail, Liquid Alternatives | Person | Founder and former CEO of Atlantic House Group, now part of Downing's team. |
| Huw Price | Team Member | Person | Former Executive Director at Santander Asset Management, part of Downing's Liquid Alternatives team. |
| Paul Adams | Team Member | Person | Former Head of Cash Equities and Derivatives Sales at Royal Bank of Canada, part of Downing's Liquid Alternatives team. |
| Margetts Fund Management Ltd. | Authorised Corporate Director (ACD) | Company | Helps manage the fund's compliance and regulatory responsibilities. |
| Bank of New York | Depositary | Company | Provides safekeeping and administration of fund assets. |