Monday, 20 October 2014
Last updated 10 min 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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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