According to the announcement, the increase in market demand for alternative strategies prompted Transamerica and Morningstar Associates LLC, the portfolio’s construction manager, to add more absolute return-oriented strategies and low correlation asset classes available for inclusion in the Transamerica Multi-Manager Alternative Strategies Portfolio.
Investment options including commodities futures, managed futures, long-short equities, and a global tactical asset allocation strategy were recently introduced as underlying investment offerings, and Transamerica noted that later this year, an arbitrage strategy will be added. Transamerica has partnered with AQR Capital Management, First Quadrant, L.P., Goldman Sachs Asset Management, L.P., J.P. Morgan Investment Management Inc., and Water Island Capital, LLC to launch these strategies.
“Partnering our expertise in manager selection with Morningstar’s proprietary asset allocation modeling, allows us to continuously search for new strategies and efficiently combine those offerings into one fund,” stated John K. Carter, Transamerica Asset Management, Inc.’s President and CEO. “We believe our strategy gives advisors and investors a unique option to achieve a diversified alternative allocation.”
Transamerica Multi-Manager Alternative Strategies Portfolio is offered in Class A, C and I shares.
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