An alternative multi-manager hedge fund providing access to a portfolio of third-party hedge funds, covering strategies like global macro, long/short equity, and arbitrage.
These products are organised into several umbrella fund ranges, each with distinct structures, strategies, and target audiences.
At the heart of our success is its distinctive multi-manager, sub-advisory model that combines institutional scale with boutique innovation. This model delivers specialist outcomes, cost efficiency and performance resilience.
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Mediolanum Best Brands
UCITS V-compliant umbrella fund. Actively managed fund-of-funds focused on equity, multi-asset, and fixed income
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Challenge Funds
UCITS V-complaint multi-asset umbrella fund, structured as several sub-funds allowing dynamic allocation across regions and assets
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Gamax Funds FCP
Actively managed stability-focused fund range delivering returns with low volatility, prioritising capital preservation
The investment objective of Mediolanum Specialities SICAV-SIF – Diversified Income Fund (the “Sub-Fund”) is long term capital appreciation and regular income distribution by investing in a broad range of different global asset classes.
- Sub-advisory
- Innovation
- Multi-manager
Sub-advisory is a key part of our multi-manager approach. Manager diversification allows us to generate value over time for investors, but with lower relative volatility.
MIFL designs and oversees investment products while external asset managers handle day-to-day portfolio management. MIFL’s in-house investment team focuses on portfolio construction, rigorous due diligence, and ongoing oversight, but leverages outside specialists to execute the investment strategies.
Large asset managers whose primary focus is on products which support large-scale distribution, can find innovation challenging. In contrast, boutique firms—specialists in their fields— are more flexible. Their smaller size and focused approach give them the space to innovate their investment approaches, which can then be sustained even with limited capital and capacity.
Boutique portfolios tend to be concentrated and high conviction, making them an excellent fit for multi-manager portfolios like ours, which combine these managers with other active managers that have fewer volatile approaches. This balanced approach allows us to achieve optimal risk-adjusted performance.
Additionally, our proprietary MedInSync® platform connects internal teams with insights from over 60 global asset managers, distribution partners, and subject matter experts. Every product innovation is evaluated through four core pillars: client-centricity, breadth of ideas, investment quality and commercial delivery, ensuring market relevance, adviser input and long-term value.
MIFL’s multi-manager process combines quantitative and qualitative analysis to find the best-in-class investment managers.
The model provides retail investors with access to innovative boutique investment firms alongside larger institutional managers. While larger firms offer scale and market reach, boutique managers bring agility, high-conviction strategies, and deep specialisation.
A multi-manager approach integrates different investment styles and leverages the expertise of top-tier fund managers across multiple asset classes and geographies. This ensures portfolios are not reliant on a single investment philosophy, enhancing resilience and improving long-term performance.