The Pioneer AllWeather Fund is expected to invest significantly in "event-driven strategies, hedged equity and trading strategies and long/short strategies," according to the registration statement. The primary event-driven strategies the fund will invest in are distressed securities, asset-backed lending and merger arbitrage.
Pioneer Alternative Investments offers the Momentum AllWeather Fund as part of the AllWeather series through the Dublin Stock Exchange. AllWeather is a hedge fund that shares similar investment goals. That fund has a year-to-date return of 5.49% and an annualized return of 9.36%. Last year, the company acquired the Momentum Group, an alternative manager that specializes in hedge funds-of-funds.