Tue, Jul 7, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Lyxor AM and Martin Currie launch Lyxor / Martin Currie China Dragon Fund on Lyxor’s Hedge Fund Managed Account Platform

Friday, April 30, 2010
Opalesque Industry Update - Another best-in-class manager has been added on Lyxor’s managed account platform as Lyxor and Martin Currie launch the Lyxor / Martin Currie China Dragon Fund Ltd.

The fund is a totally new non-benchmarked Long/Short strategy based on unique management and available exclusively through Lyxor and Martin Currie.

Martin Currie manages US$ 4.7 billion in dedicated Greater China strategies, and is one of the largest international investors in the domestic Chinese A-share market. The company has a China team of 13 analysts and portfolio managers based in Edinburgh and Shanghai. It has a heavy emphasis on bottom-up research, visiting over 1,000 companies in China each year. The fund will leverage on this strong proprietary research, particularly the Shanghai based research team, founded in 1997.

The fund’s manager, James Chong, has over 15 years of investment experience and currently manages over US $400 million across China multi-cap products, delivering significant outperformance.

Allan MacLeod, managing director of sales, marketing and client services at Martin Currie said: “The fund has run as a model portfolio since February 2008 returning 12.6%. The fund has protected capital, generated alpha and delivered the returns with around one-third of the volatility of the market – all things it aims to achieve.

We have a long and successful relationship of working with Lyxor. Our collaboration started in 2002 with the launch of the Lyxor / Martin Currie Japan AR Fund, and was followed by the Lyxor / Martin Currie Global Resources Fund. We are delighted that the China Dragon fund is joining this suite.”


The Fund is a long/short equity program investing in Greater China (China, Hong Kong and Taiwan) with a multi-capitalization focus. Thanks to proprietary research and the interaction between the Martin Currie’s Asian teams in Edinburgh and Shanghai, the Fund manager will use primarily a bottom-up approach, using local knowledge to capitalise on Chinese market inefficiencies. A strong emphasis is placed on company visits and financial analysis. The manager will also work on a topdown overlay to take into account China's policy and regulatory risks.

With over $ 10 Bn in assets under management (as of March 31st, 2010) and 115 managed accounts, the Lyxor platform is today the world’s largest by all metrics and seeks to provide its clients with the best and most diversified universe for hedge fund investing. It was recently named ‘Best Managed Account Platform’ at the 2010 Annual Hedgeweek Awards.

Source.


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner