search menu Home > Sanlam Investments > Our fund range ALTERNATIVES Sanlam Multi-Strategy Fund Combining thematic and systematic investment strategies aimed at absolute positive return and income distribution from a portfolio of real assets, corporate and government bonds, plus equity options strategies. The fund was launched in January 2013 to provide investors with access to our multi-strategy capability. It is a diversified fund that combines thematic and systematic investment strategies aimed at absolute positive return and income distribution. The fund: Brings together a diverse range of asset classes focused on absolute return Is structured to participate when markets are rising while offering protection in falling markets Is managed by a highly experienced team with an award winning track record Sections: 5 reasons to invest Philosophy The pillars ESGI Investment process Fund commentary Related articles Fund literature Factsheet KIIDs Regulatory Fund information Meet the Sanlam Multi-Strategy Team Mike Pinggera Head of Multi-Strategy View profile Johan Bandenhorst Fund Manager View profile Christopher Greenland, CFA Fund Manager View profile Awards Why invest in the fund? 5 reasons to invest Fund philosophy The pillars ESGI Investment process Aims to protect on the downside, participates on the upside Provides ‘equity like’ returns over a full investment cycle through a diversified absolute return approach A great portfolio diversifier that uses a combination of thematic and systematic investment strategies Strongly aligned to sustainable positive impact investments. Active investors in real assets since 2006 and developed process that integrates ESG and Impact factors into decision making Yield target of 3% per annum, paid monthly. The ability to employ a diverse range of strategies helps the fund to unearth attractive opportunities and spread risk Mike Pinggera, Fund Manager Fund Commentary Monthly Commentary Quarterly Update October 2021 Activity Equity exposure was increased in line with our allocation process and we sold two real assets holdings ahead of several new investments coming to the market in November. Transparency At month end our net equity exposure was 24% and our bond duration was 2.9 years. We have exposure to five markets in the equity momentum strategy and remain active in eight other areas; synthetic equity options, global infrastructure, renewables, property, corporate bonds (short dated), government bonds, alternatives and opportunistic. We hold equity index options as upside and downside hedges. Positive contributors Synthetic Equity +0.63% Infrastructure +0.39% Renewable Energy +0.29% Negative contributors Hedge Strategy -0.22% Investment Grade Debt -0.19% High Yield -0.13% Corporate Highlights Our real assets businesses announced 10 new acquisitions, 2 divestments, and 1 equity placing over the month. We had 2 capital market day events with company management teams and 4 pre-IPO meetings. One of our global infrastructure businesses reported progress on a number of activities, including new green financing secured for the first climate adaption public-private partnership for flood prevention infrastructure in the US. Elsewhere its majority-owned renewables subsidiary announced new supply framework agreements for solar trackers and signed its first offtake agreement for its pioneering renewable hydrogen plant in Spain. These activities provide further examples of value-add enhancement opportunities to existing assets and the progress on nascent projects in development. These corporate updates highlight the multiple levers of growth available to our real asset businesses. Outlook Bond markets are being buffeted by inflation fears and rising short-term yields while equities appear to have regained their poise and after recovering all of last month’s losses. The mixed messages coming from bond and equity markets creates a volatile and challenging backdrop for investors and a degree of caution is warranted. From a fund perspective we remain very comfortable with our current positioning and continue to focus on our dynamic equity allocation process, short duration bonds, and real assets investments centred around our “Pillars of a functioning economy” theme. Explore the details Aimed at absolute positive return and income distribution from a portfolio of real assets, corporate and government bonds, plus equity options strategies. Read the latest factsheet Related articles MARKET OUTLOOK 03 September 2021 Economic output has recovered, but should we fear a financial reckoning? From the rapid nosedive following lockdowns in March 2020 to springing earnings in the first half of ‘21, we’ve moved through this business cycle at top speed. It’s time to take a look at potential market implications and ask ourselves: Does economic payback await? MARKET OUTLOOK 02 June 2021 Why haven't markets rewarded company results? The first quarter was favourable for equities; companies generally beat earnings expectations, in some cases quite strongly. Recovery is well underway, helped by Covid vaccines and an influx of cash to American pockets courtesy of the Biden administration. So why then are outperforming equities reaping so little reward from their stock prices? MARKET OUTLOOK 01 April 2021 A positive outlook but beware of economic euphoria The global economic outlook is strengthening, and this view has been reinforced by many companies reporting expectation-beating earnings for the last quarter of 2020. But while good business results go some way towards explaining the confidence in equity markets, are they enough to justify inflated prices? Read all Fund Risks Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. A table with five years’ performance is available in the fund factsheets. The Fund has holdings which are denominated in currencies other than sterling and may be affected by movements in exchange rates. Consequently the value of an investment may rise or fall in line with the exchange rates. The fund can invest in derivatives. Derivatives are used to protect against fluctuations in currencies, credit risk and interests rates or for investment purposes. There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions. The Fund's expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation. Part of the fund is invested in bonds. The government or company issuer of a bond might not be able to repay either the interest or the original loan amount and therefore default on the debt. This would affect the credit rating of the bond and, in turn, the value of the fund. Investment in bonds and other debt instruments (including related derivatives) is subject to interest rate risk. If long-term interest rates rise, the value of your shares is likely to fall. Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. (Notes 1, 3 and 4). Ready to invest? Contact us Create a downloadable brochure You can use these buttons to add a page, edit, or print your own brochure Add to brochure Add to brochure Brochure 0 Print Share Contact Us Terms of Use Website Privacy Policy Cookie Policy Modern Slavery Act Transparency Statement Accessibility Legal and Regulatory Sitemap © Sanlam. All rights reserved. Sanlam UK Limited is the provider of the Sanlam website. If you would like to view the regulatory and legal status of each Sanlam company to which this website relates, and the services and products which they provide, please click here. Please agree to proceed. By doing so you agree that you have read and understood the foregoing disclaimer and confirm that you are a professional investor. View disclaimer Cookie Consent We have to collect some data when you use this website so it works and is secure. We'd also like your consent to collect data to study how people use our site. This will help us improve our service and tailor the marketing you see on apps and other websites. Select 'Accept all' to agree or 'Manage consents' to chose which cookies we use. Accept all Manage consents The value of investments and any income from them can fall and you may get back less than you invested.