Thursday, 25 August 2016
Last updated 18 hours ago
Jun 16 2010 | 11:12am ET
Traditional and alternative asset management firm FPP Asset Management is gearing up to launch its second UCITS III compliant fund next month.
The FPP Global Endeavour (Developed Markets) fund will start trading on July 16. It will be jointly managed by the FPP investment team headed by Jonathan Neill, who has more than 24 years experience managing money in global equity markets, and Fabien Pictet and Partners Global Funds.
"We have been asked by a number of our clients for access to the developed markets using our FPP Price/Appraised Value methodology, which we currently employ in managing the Emerging Markets Funds. This is not something new to us. We have been managing money in the developed markets in this way since 1989," the firm wrote in a statement. "We previously managed international funds using this process with great success from 1989 to 1998. We have also been using the same method for over 10 years at FPP to manage a number of segregated institutional portfolios with global mandates."
The firms Price/Appraised Value process has delivered annualised outperformance of 387 basis points against the MSCI Emerging Markets ‘Free’ Price Index since inception of its FPP Emerging Markets Fund in 1999.