London-based Sabre Fund Management is gearing up to launch an Asia ex-Japan equity long/short fund in October. The firm hopes to launch the Sabre Asian Absolute Return Fund with US$25 million.
Sabre’s new Asia-ex Japan offering focus, which include India and Australasia, will have a bias toward large- and mid-cap Asian companies. “Because of the growth potential we see in Asia, we will be long-biased, but if the economic cycle changes three or four years down the road, the fund may come back down to neutral or may end up going short,” said Simon Lovekin, co-portfolio manager.
“We see opportunities across the board and across the whole of the region. There’re a lot of good companies in Hong Kong, Singapore and Taiwan. The population has got a lot more money in their pockets and interest rates are coming down across the board, so people have gotten used to spending their money again.”
Lovekin, formerly with emerging manager shop MPC Investors, is co-managing the fund with Ian Hunter, who was most recently with Woori Investment & Securities.
The new fund charges 1.5% for management and 20% for performance, with a US$100,000 minimum investment requirement.