Sunday, 26 October 2014
Last updated 1 day 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.