Pictet Launches UCITS Version Of China Fund

Jun 7 2011 | 12:29pm ET

Pictet Asset Management has launched a UCITS version of its long/short China equity hedge fund for outside investors.

The Swiss-based asset manager with $140 billion AUM will target private banks, funds of funds, institutional and retail investors with the new PTR-Mandarin fund, reports HFMWeek. The fund, currently at $345 million, will invest chiefly in Chinese companies listed on the Hong Kong and mainland China exchanges. Portfolio manager Lan Wang Simond has been employing long/short strategies in China for over 16 years.

“In the years to come, China’s economic growth will increasingly rely on internal consumption as opposed to exports as China is transforming from a manufacturing base to a service and consumption powerhouse,” said Steve Huguenin-Virchaux, senior product manager for Pictet’s total return funds.

Minimum investment for the institutional share class is $1 million, with fees of 1.10% and 20%. There is no investment minimum for private investors. The fund has no lockup and offers weekly liquidity.

 


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note