Mon, Feb 18, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Asia Frontier Capital launches Luxembourg domiciled fund

Monday, September 25, 2017
Opalesque Industry Update - Asia Frontier Capital Limited announced the launch of the Luxembourg domiciled AFC Asia Frontier Fund (LUX) for its award-winning equity strategy, the AFC Asia Frontier Fund which invests in the Frontier economies of Asia. Over the past five and a half years, this strategy has returned +10.5% on an annualized basis at a low annualized volatility of 8.98%. The Luxembourg domiciled fund is uniquely positioned to provide convenient and easy exposure for European investors to the fast growing Asian Frontier equity markets which exhibit a low correlation to world markets, making this strategy an ideal tool for portfolio diversification.

On 20th September 2017, Asia Frontier Capital Limited received authorisation from the "Commission de Surveillance du Secteur Financier (CSSF)" in Luxembourg to launch the "AFC Asia Frontier Fund (LUX)" under the existing Umbrella Fund "LS Opportunities Fund Sicav-FIS" which is managed by "Limestone Platform AS", Tallinn, Estonia.

The "AFC Asia Frontier Fund (LUX)" will help Asia Frontier Capital Limited to expand its marketing and distribution channels within Europe and especially within the 28-member states of the European Union "EU".

In the future, European onshore institutional and professional investors will have easier access to the unique and award winning investment strategy of the AFC Asia Frontier Fund which invests in the fast growing and developing economies of "Frontier Asia" which consists of countries such as Bangladesh, Cambodia, Iraq, Laos, Maldives, Mongolia, Myanmar (Burma), Pakistan, Papua New Guinea, Sri Lanka and Vietnam.

When asked about expanding into Europe, Thomas Hugger, CEO and Fund Manager of the AFC Asia Frontier Fund commented: "It is symbolic to move into Europe now when Asia Frontier Capital's award winning flagship AFC Asia Frontier Fund celebrates its five year anniversary. Our team's contributions on risk management, asset allocation and stock selection have generated extraordinary performance since the launch of the fund in March 2012. Since the fund's incepiton five and a half year's ago, the fund has achieved an annualized performance of +10.5% p.a. after fees, while it has not had a single negative calendar year."

Marc Faber, editor & publisher of the Gloom, Boom and Doom Report (www.gloomboomdoom.com) and shareholder of Asia Frontier Capital commented: "In general, international investors have far too little exposure to emerging markets and in particular to Asian frontier economies. I believe that European investors should further diversify their investments into fast growing emerging economies and in particular add holdings in Asian frontier economies, which I expect to have a sustainable long term growth going into the next decade".

When asked about the prospects of expanding into Europe, Peter de Vries, Marketing Director at Asia Frontier Capital responded: "Europe is a huge market and the AFC Asia Frontier Fund offers the best in class exposure to the most interesting and fastest growing parts of Asia". De Vries added that AFC is looking to build distribution relationships in Europe and has ambitions to target investors, especially those in Finland, Germany, Sweden, Switzerland and the United Kingdom."

To bring the fund to Europe, Asia Frontier Capital partnered with Limestone Platform, a Luxembourg based independent fund infrastructure created to serve specialist managers and entrepreneurs who wish to retain flexibility and independence while establishing Luxembourg domiciled UCITS or alternative investment funds.

Miika Peura, CEO of Estonia based "Limestone Platform AS" commented: "Limestone is delighted to welcome the first Asian based frontier fund manager to our platform and we are looking to support AFC's success in Europe by offering administrative and distribution support. What sets Limestone apart is true turnkey solutions to our client managers and high level of support services we offer through different stages of fund development. We aim to offer highly cost effective services and at the same time provide objective and efficient guidance throughout a fund's launch and development."

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. New Launches: Royal London launches new Greetham fund, Direct lending specialist unveils multi-manager credit fund, PeakSpan Capital announces final close for Fund II on $265m, Mubadala's venture capital unit to launch $400m European fund, Lazard offers Scandinavian bond fund[more]

    Royal London launches new Greetham fund From FT Adviser: Royal London's Multi Asset Strategies is the latest fund to be launched for Trevor Greetham and his eight-strong multi-asset team. It targets annualised total returns of cash, defined as the Sterling Overnight Index Average, p

  2. New Launches: AI venture capital firm InReach Ventures launches new $60m fund[more]

    From Telegraph: InReach Ventures, a venture capital firm using artificial intelligence to spot the most promising early stage startups in Europe, has closed a new EUR53m ($60m) fund, as it said the Brexit process would be unlikely to decrease entrepreneurship in the EU. InReach Ventures said it

  3. Outlook: Why Paul Tudor Jones fears a 'revolution', A lot of 'negative surprises' will hit the markets in coming months, hedge-fund veteran Mark Yusko says[more]

    Why Paul Tudor Jones fears a 'revolution' From Institutional Investor: Billionaire hedge fund manager Paul Tudor Jones; Robert Shiller, the Yale University professor who is a co-winner of the Nobel Prize in economic sciences; and DoubleLine Capital's deputy chief investment officer Jeff

  4. Opalesque Exclusive: UK hedge funds to prepare their senior managers for new regulatory regime[more]

    B. G., Opalesque Geneva: Sani Jackson, London-based director at Optima Partners, a global regulatory compliance and risk management firm, warns UK-based fund managers of some (non-Brexit related) regulatory issues they cannot ignore this y

  5. Opalesque Exclusive: BDO Survey: 89% of GPs expect a downturn within the next two years[more]

    Bailey McCann, Opalesque New York: Private equity appears to be preparing for the worst. 89 percent of private equity fund managers expect a prolonged downturn sometime in the next two years, according to the findings of a newly released survey from BDO. The trade war was cited as a top conce