Wednesday, 27 August 2014
Last updated 2 hours ago
Jun 11 2010 | 10:27am ET
Commercial Economics Management this month is launching a global long/short fixed income fund that will be managed out of Asia.
The new vehicle, The Economic Time Bond Fund, aims to raise US$150 million for investments mainly consisting of highly liquid USD investment-grade bonds.
The firm will use its proprietary "Economic Clock" framework, which is "a macro-economic tool for prudent and profitable investment management and strong capital preservation characteristics, which has produced top quartile returns and surpassed comparable investment strategies since 1999," according to the firm. The Economic Clock framework was developed in 1998 by Enzio von Pfeil, founder of the firm.
According to the firm, the objective of the new fund is to achieve superior fixed income returns with a strong focus on capital preservation by building a fund portfolio across geographies, sectors and maturities. There is at least a 75% weighting of investment-grade, highly liquid bonds and a maximum 25% weighting of sub-investment-grade, highly liquid bonds.
Commercial Economics Management will serve as the fund manager, while Aquitaine Investment Advisors will serve as a sub-manager. The Cayman Island domiciled fund charges a 1.5% management fee and a 20% performance fee. There is a minimum investment of $1 million, and it allows for monthly redemptions.
Swiss Fund Services (Hong Kong) serves as the administrator, HSBC Institutional Trust Services (Bermuda) is the custodian, PricewaterhouseCoopers (Hong Kong) is the auditor, and legal consist of Clifford Chance (Hong Kong) and Maples and Calder (Cayman Islands).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...