Informed Portfolio Management (“IPM”) ceases its investment operations and will return all capital to its investors. Read the full press release here.
IPM had a long history as one of the leading global systematic macro managers with strong long-term returns with low correlation to both equities and bonds. The recent investment market for systematic macro-funds has unfortunately been very challenging and IPM has had weak returns and large capital outflows. Catella has therefore, together with the board of IPM, made the difficult decision to recommend that IPM ceases all investment activities and return the capital to the investors.
IPM Informed Portfolio Management (“IPM”) was founded in 1998 with the purpose of delivering robust investment strategies with a systematic investment process to institutional investors. IPM was primarily recognized for its multi-asset systematic macro strategy. IPM’s investment strategies are based on economic theory and relied on the belief that market prices fluctuate around the true fundamental value of financial assets. IPM designed novel approaches to model these movements and then captured the resulting profit. The investment process was systematic using a broad set of fundamental information as inputs.