Thursday, 18 September 2014
Last updated 3 hours ago
Mar 20 2007 | 12:22pm ET
JP Morgan this month launched a fund hedge of funds dubbed the Londinium JPM Emerging Fund, and has appointed Redi & Partners as the vehicle’s investment advisor.
Redi has selected 19 underlying funds with initial allocations to each fund limited to 5% of the portfolio’s assets, according to fund documents. Allocations have been made to funds focused on BRIC countries employing long/short, event-driven, fixed-income, global-macro, and debt-related strategies.
Some underlying managers within the portfolio include Thames River, Ashmore Investment Management and Gartmore Investment Management.
Since emerging markets are more susceptible to sudden market changes, 5% of the fund’ portfolio is held in cash and 45% is invested in managed accounts to offer investors a “unique level of liquidity,” according to JP Morgan. “Thus 45% of the portfolio could be used to quickly implement hedging transactions in case of adverse changes [to] market conditions,” the firm said.
The new multi-strategy emerging market offering charges fees of 1% for management and 10% for performance. BNP Paribas Fund Services is the administrator for the fund.
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…
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