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."


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