Friday, 31 July 2015
Last updated 3 hours ago
Nov 9 2012 | 10:40am ET
Hedge fund Fund Management Group will ring in the new year with a new emerging-markets long-only fund.
FMG, which has been investing in emerging markets for more than two decades, said the New Frontiers Fund will invest in stocks and bonds in Africa, Asia, Latin America and the Middle East. It will employ a top-down analytical approach and use asset rotation and market-timing, HedgeCo.net reports.
"Frontier markets represent 40% of the world's population but only 15% of the world's GDP, only 3.6% of the world's stock-market capitalization and only a miniscule 0.5% of the MSCI World Index," FMG explained.
The new fund is set to debut on Jan. 1.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…