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Products May 10, 2003
AIT Launches Market Neutral Strategy
October 29, 2001 (PLANSPONSOR.com) - Advanced
Investment Technology, Inc. (AIT) has launched a long/short
market neutral strategy and secured ABP, the second largest
pension fund in the world, as its first client for the new
product.
Reported by Camilla Klein
The long/short market neutral strategy applies AIT’s patented stock selection process to generate stock-specific return forecasts for all of the stocks within the strategy’s eligible selection universe.
The aim of the strategy is to generate total returns net of fees above the 91-day US Treasury Bill benchmark with a low correlation to major stock and bond markets. Investments may be in US company stock and foreign stock traded on US exchanges.
AIT is majority owned by State Street Global Alliance LLC.