Mon, Jan 22, 2018
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. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  2. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  3. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  4. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager

  5. Comment - Seeding arrangements: Structure, approach, and the current market[more]

    From international law firm K&L Gates: Private fund growth has exploded over the last several years. While some areas are hotter than others, overall the industry has seen substantial growth. Existing managers have been able to launch larger funds and new managers have been able to successfully ente