David Pieper, co-founder and chief strategy officer

Intalcon, an algorithmic strategy provider, has launched the Intalcon Alpha for Impact Global Fund for professional investors.

The fund is multi-strategy and multi-asset class, with investment decisions being made on a mixture of algorithm and discretionary-based determination.

It has been trading privately for more than a decade as the GAP Global Opportunity Fund (GAP), and now has assets under management (AUM) of €7.2 million as of April 2022.

Algorithmic strategies are one of Intalcon’s specialties, managed by co-founder David Pieper. The firm markets a range of fully algorithmic strategies directly to third parties as well as using them in-house.

The fund seeks stable returns from uncorrelated strategies including equity long/short, macro and opportunistic strategies, short sales and multi-strategy approaches.

A large part of the performance fee and management fee goes to ecological and social projects via the Intalcon Foundation, which looks to support investments that are likely to meet the United Nations’ Sustainable Development Goals.

The fund will continue to follow the strategy of the GAP, launched in November 2010. This strategy has outperformed the MSCI World and S&P GSCI Commodities indices over three and five years.

The strategy has increased NAV by over 35 percent in the first quarter of 2022, during the market turmoil that has impacted many other funds.

Mr Pieper commented: “This fund illustrates our capability to achieve results while contributing to real and meaningful Impact, while maintaining high liquidity with low drawdowns.”