Fri, May 22, 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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner