Monday, 27 April 2015
Last updated 24 sec ago
Sep 30 2010 | 12:53pm ET
Threadneedle Asset Management has launched a UCITS III-compliant emerging markets hedge fund.
The macro fund invests in fixed-income securities and currencies in global emerging markets; equities will be excluded. The fund is managed by Richard House, who heads emerging markets debt at Threadneedle, with Agnes Belaisch, head of emerging market strategy, as his deputy.
“The new Threadneedle (Lux) Absolute Emerging Market Macro Fund allows us to exploit the many macro based opportunities that exist across the emerging market universe without the constraints of any index,” House said. “Within the fund, we have the flexibility to express our highest conviction macro views via sovereign credit, rates and FX, both on an absolute and relative basis. Using processes and resources that we have successfully employed over the years in our Threadneedle Emerging Currencies Crescendo Hedge Fund, we aim to deliver absolute returns to a broader range of investors under Ucits III.”
The new fund is targeting annualized returns of 7.5% to 12.5%. It charges 1% for management and 20% for performance over the 3-month U.S. dollar Libor rate.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…