Wednesday, 28 January 2015
Last updated 3 hours ago
Dec 21 2006 | 12:13pm ET
U.K-based Martin Currie Investment Management is gearing up to launch a long/short global energy fund on March 1, 2007.
The new vehicle, the Martin Currie ARF - Global Energy Fund, is a carve-out of the firm’s US$540 million Global Resources long/short strategy, which has returned 15.88% year-to-date.
The portfolio will be driven by stock selection with no bias toward specific countries, sectors or market capitalizations. There will be 30-50 positions within the portfolio.
Both the Global Resources Fund and the Global Energy Fund employ the same investment process and strategy, and both funds will run similar position sizes in the stocks that they have in common, according to portfolio manager Duncan Goodwin.
“Therefore, all of the energy stocks held in the global resources fund will also be in the energy fund,” said Goodwin. “However, there will be a few extra additional positions in the energy fund that you won't find in the resources fund. The Global Resources Fund contains energy and basic materials stocks. The Martin Currie ARF - Global Energy Fund will only contain energy stocks.”
The new vehicle aims for returns of 16-18% per annum, coupled with a maximum volatility of 12-15% per annum. Fees are 1.5/20 with a $100,000 minimum investment requirement.
Martin Currie was incorporated in 1985 and currently manages some US$22.5 billion.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…