NewSmith In Emerging Markets UCITS Launch

Jul 22 2010 | 1:45pm ET

NewSmith Asset Management is readying a UCITS III-compliant emerging markets hedge fund.

The new equity portfolio will launch in September with new hires Alaistair Candlish and Edward Cole at the helm. The NewSmith Emerging Markets Absolute Return Fund will debut with US$60 million in initial capital.

Candlish, who will serve as lead manager of the fund, will join the firm in September from BlueCrest Capital Management.

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