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

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note