Sunday, 24 July 2016
Last updated 1 day ago
Jan 11 2011 | 5:53am ET
London-based hedge fund Headstart Advisers is expanding its emerging markets offering.
The firm, which already runs a Russia-focused fund, has launched a global emerging markets vehicle. Initially, the Limestone Global Emerging Markets Fund will look to familiar territory, placing an emphasis on Russia, as well as Brazil, India and China. But it plans to invest in other emerging markets, seeking out value and growth opportunities.
Headstart said the new fund will “rely on the core competency” of chief investment officer Najy Nasser.
“This new, broader Emerging Markets Fund will be a direct fund investing in the individual companies who will be the winners as their home markets grow,” Nasser said. “We believe this new Headstart fund is a natural progression for us which will be positioned to perform well as the emerging markets' share of global GDP continues to increase.”
Last year, Headstart and Nasser settled Securities and Exchange Commission mutual-fund late-trading charges.