Threadneedle Unveils UCITS Emerging Markets Macro Fund

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of