Pictet’s Latest UCITS Hedge Fund Targets China

Sep 23 2010 | 1:28pm ET

Pictet & Cie has launched a UCITS III-compliant China-focused hedge fund.

The Swiss private bank unveiled its Pictet Total Return Mandarin Fund yesterday. The new Greater China stock fund is based on an existing Pictet fund and is headed by fund manager Lan Wang Simond.

“The underlying fund has a very successful track record, and there was a lot of demand from institutional clients, but many could not invest in offshore funds, so we have now launched it as a UCITS,” Simond told Reuters.

The fund is currently betting that the worst for the Chinese economy is over. In particular, Simond likes companies involved in the growing internal consumer markets in mainland China.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note