ESAF – Espírito Santo International Management has launched a new fund of Ucits III funds.

It has designated BAF (Blue Activos Financeiros – SGP) as investment adviser of the fund.

The Luxemburg fund, called Dynamic Alpha Portfolio Ucits III, is an active managed portfolio of Ucits III alpha funds.

Its objective is to provide investors with capital growth, mainly by investing in units of Ucits III offering different strategies. The investment philosophy is to deliver a positive performance regardless of market conditions.

The target return is Euribor 3M plus four to eight per cent. The target volatility is less than six per cent.

It invests in a selection of Ucits III funds within the most liquid assets/strategies such as long/short equity, global macro, CTA, currency and volatility.