Daily liquidity: Resonanz Capital launches multi-manager hedge fund in Ucits shell
Resonanz Capital is launching a liquid alternatives UCITS fund. The Jazz Multi-Strategy Fund (Jazz) aims to offer institutional investors diversification by combining quantitative investment strategies (QIS) and the expertise of various managers within an actively managed UCITS framework.
The fund will launch with a volume of €206 million. The target return is money market plus 5 percent. No information on anchor investors is available yet. The minimum investment amount is €100,000 (Insti Share Class). Universal Investment acts as the investment management company.
“With Jazz, we are bridging the gap between the complexity of multi-manager hedge funds and the expectations of professional investors regarding governance, costs and liquidity according to UCITS standards,” says Vincent Weber, CEO of Resonanz Capital.
According to Weber, institutional UCITS investors face structural hurdles because the UCITS universe is limited and, despite the breadth of QIS offerings, is often complex, non-transparent, and difficult to use. As a result, Weber argues, many allocators are faced with low performance stability, fragmented offerings, and governance structures that can make allocation management difficult.
"This is a structural problem, and Jazz is a solution," adds Iliyan Iliev, Chief Operating Officer (COO) at Resonanz Capital. "We developed Jazz because even experienced professional UCITS investors often lack the resources, tools, and governance framework required for actively managed, robust alternative portfolios."
The fund is aimed at institutional investors seeking to build a liquid and broadly diversified core portfolio. Asset managers seeking scalable alternative allocations should also benefit. The fund also aims to appeal to allocators seeking to flexibly supplement illiquid positions, as well as QIS users who value selection, active management, and benchmarking.
According to the press release, the structure includes:
- Open architecture for QIS strategies and external managers
- Proprietary, AI-powered platform for strategy selection, benchmarking, allocation and rebalancing
- Daily liquidity, enabled by highly liquid portfolio management and instrument monitoring
- High capacity
- Transparent fee model, in line with UCITS standards
Founded in Frankfurt am Main in 2019, Resonanz Capital is an independent investment advisor specializing in hedge funds, liquid alternatives, and QIS. The company and its team combine over 20 years of industry experience. The company's proprietary AI-powered analytics platform provides professional investors with access to over 10,000 tracked alternative strategies. The company is licensed as a securities institution and is supervised by the German Federal Financial Supervisory Authority (BaFin).
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