Skandia Mulls Emerging Markets 'Best Ideas' Fund

Jul 6 2011 | 12:33pm ET

Skandia Investment Group may launch an emerging markets version of its popular Best Ideas Fund.

The firm's European Best Ideas fund of funds, which includes both hedge fund and long-only managers, has enjoyed a 30% return over the past 12 months. Participating managers receive about €50 million each to invest in their top 10 stock picks; the fund currently manages more than €500 million, which is allocated to the likes of Odey Asset Management's Crispin Odey and Acadian Asset Management's John Chisholm.

Now, however, investors are looking for the same from emerging markets hedge funds, European Best Ideas manager Lee Freeman-Shor told Bloomberg News.

"There's a lot of interest for some sort of Asia-Latin America-Emerging Markets 'best ideas' product and we are doing research into whether that is possible," Freeman-Shor said. "We have to see if there are enough good managers to make it work and if we would raise a lot of money into it to make it viable."


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of