Pictet Asset Management, the asset management arm of Pictet & Cie, the Swiss private bank, has launched the PF-Absolute Return Global Divers...

Pictet Asset Management, the asset management arm of Pictet & Cie, the Swiss private bank, has launched the PF-Absolute Return Global Diversified. The fund, which aims to generate a positive absolute return, equal or superior to the Euro OverNight Index Average plus 4 per cent gross of fees annually, invests in Pictet’s own funds and is managed by Gianluca Oderda and Philippe Pol of Pictet Asset Management’s Multi Asset and Total Return unit. The strategy is to invest in a highly diversified set of asset classes, using Pictet’s “best in class” funds. The fund is available to institutional investors and distributors in the UK as well as to institutional, private banking and retail investors in Switzerland, Austria, Liechtenstein, Finland and Portugal. There is no minimum investment for private investors.