PACE Alternative Strategies Investments Class A is a multi-manager, multi-strategy mutual fund designed to provide diversified exposure to alternative investment approaches. Its primary objective is long-term capital appreciation achieved through allocations to strategies such as equity long/short, market neutral, macro, and managed futures, complemented by selective use of derivatives including options, futures, forwards, and swaps to manage risk and express views across asset classes. The fund invests across U.S. and non-U.S. equities and may incorporate fixed income and cash instruments within its alternative sleeves, seeking low to modest correlation to traditional market indexes typical of multistrategy mandates. Sub-advisors are engaged to implement distinct, complementary styles—such as equity market neutral, small-cap long/short, and macro relative value—aiming to balance return drivers and dampen single-strategy risk. Positioned within the multistrategy alternatives category, the fund serves as a portfolio diversifier intended to broaden sources of return and enhance risk management through dynamic allocation among alternative techniques under the PACE Select Advisors framework.
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