Friday, 27 November 2015
Last updated 1 day ago
Apr 26 2011 | 10:18am ET
The F&C Group will launch the Thames River Global Emerging Markets Absolute Return Fund managed by Kristof Bulkai and Hugo Roberts.
The fund, to be launched June 1, will target annual returns in the high teens (net fees), employ a top-down macro approach, and draw on the absolute return expertise of the team at Thames River, a boutique asset manager acquired by F&C in 2010.
Bulkai and Rogers will join the 11-member F&C emerging equities team led by Jeff Chowdhry, which managed $5.6 billion of emerging and Asia ex-Japan equity assets.
Lead manager Kristof Bulkai said: "In the past decade the rising tide in emerging markets has lifted all boats. But there is an increasing divergence in performance between sectors, which makes an absolute return approach more appropriate going forward.
"But while many supposedly ‘absolute return' funds oscillate between being fully invested in equities and having a high cash weighting, this fund will be as active on the short side as it is in its long portfolio. That approach has enabled us to make a positive return on the Water & Agriculture Absolute Return fund over the last two years in spite of the challenging market backdrop."
F&C is a diversified investment manager operating in nine countries and managing assets worth £105.8 billion as of December 31, 2010.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…