JP Morgan Launches Emerging Markets Fund Of Hedge Funds

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.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of