Saturday, 23 August 2014
Last updated 21 hours ago
Apr 30 2010 | 7:22am ET
Lyxor Asset Management and Martin Currie have teamed up to launch a new China-focused absolute return fund.
The new vehicle, the Lyxor / Martin Currie China Dragon Fund, is a long/short equity program investing in Greater China (China, Hong Kong and Taiwan) with a multi-capitalization focus. The fund is being managed by James Chong, who has over 15 years of investment experience and currently manages over US$400 million across China multi-cap products.
According to the Allan MacLeod, managing director of sales, marketing and client services at Martin Currie, the fund has run as a model portfolio since February 2008 which returned 12.6% while at the same time achieving one-third of the volatility of the market.
“We have a long and successful relationship of working with Lyxor,” said MacLeod. “Our collaboration started in 2002 with the launch of the Lyxor / Martin Currie Japan AR Fund, and was followed by the Lyxor / Martin Currie Global Resources Fund. We are delighted that the China Dragon fund is joining this suite.”
The new fund is part of Lyxor’s managed accounts platform which has over $10 billion in assets under management.
Martin Currie manages US$18.1 billion, with US$4.7 billion of that in dedicated greater China strategies.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note