A viable alternative to Equities and Bonds? 4%+ Cash NET PA.

The dVAM Diversified Liquid Alternatives Fund can be categorized into three broad groups: Listed Real Assets, Alternative Credit and Diversifiers. Each group has several sub-strategies whose inclusion is determined by their diversifying properties and liquidity profile in normal market conditions. dVAM DLA includes exposure to the full range of sub-strategies.

Complementary | Liquid Alternatives provide exposure to under-represented asset classes that can have powerful diversification benefits to a core equity and bond portfolio.

Dynamism | Their liquid nature enables a dynamic approach so that new ideas can easily be included and removed over time.

Inefficiencies | There are opportunities to take advantage of inefficiencies within Liquid Alternatives that are different to traditional assets. An example is REITS where the underlying properties can be adapted and improved to create value.

The dVAM DLA solution provides a breadth of exposure across the major alternative asset classes.

• The portfolio has a target return of cash +4% per annum over rolling 5-year periods
• Volatility is expected to be 4-8% and the portfolio is designed to have a low sensitivity to traditional equity markets
• A truly global and diversified portfolio

No individual sub-strategy will be allocated more than 25% of the overall portfolio to maximise breadth.

Passive and thematic exposures are generally implemented directly to minimise costs while active exposures are generally implemented through third party managers to maximise the opportunity set.

Integrating Responsible Investing

Responsible Investing in Liquid Alternatives is integrated into dVAM DLA at two levels:

• By seeking out innovative approaches to Environmental, Social and Governance (ESG) integration with the goal of improving long-term excess returns
• A right to veto certain investments if they don’t meet certain criteria

Fulcrum Asset Management is also a signatory to the UN PRI.

Fund Manager Reputation

Fulcrum is an independent asset manager founded by Andrew Stevens and Gavyn Davies in 2004. Today, Fulcrum has a team of over 70 employees, with 10 partners, managing assets of ￡4bn. dVAM DLA is run by the Fulcrum Alternative Strategies (FAS) Team. FAS develops solutions that are designed to offer diversification from core bond and equity markets. The team members have experience of managing portfolios of third party long-only and liquid alternatives strategies since the beginning of the millennium and Fulcrum first offered externally selected liquid alternatives strategies in 2007.

For more information get in touch or check out at:

https://www.devere-am.com/dla-overview