Wednesday, 25 May 2016
Last updated 20 min 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.