Thu, Aug 16, 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. Hedge fund's Italian raid leaves us in the dark[more]

    From Bloomberg: Ten years on from the financial crisis, bank balance sheets haven't become any simpler to digest for the average investor. Finance firms are big and leveraged; regulations have just become new instruments of complexity. That might suggest a potential windfall for any brainy numb

  2. New Launches: Crescent launches offshore cryptocurrency index fund, Jack Ma's private equity firm raises $2.5bn for latest fund, Franklin Templeton floats alternative investment fund, US giant TCW to launch global AI equity fund, Quantum Energy Partners closes latest fund at $5.6bn[more]

    Crescent launches offshore cryptocurrency index fund Crescent Crypto Asset Management, a cryptocurrency index fund manager led by Goldman Sachs alumni, announced the completion of its Series A financing and launch of its offshore Cayman fund. FBG Capital led the fundraising round with its

  3. Michael Spencer invests $40m in Europe-focused hedge fund[more]

    From the FT: Michael Spencer, chief executive of Nex Group, is backing a hedge fund start-up in London with an investment of about $40m made through his private investment group, according to a person familiar with his plans. The hedge fund, Viewforth Partners, is being launched by Richard Black, a

  4. Investing: Investors haven't been this bullish on U.S. stocks since 2015, U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled, The world's largest hedge fund loads up on Alibaba, An $84bn hedge fund used Facebook's struggles to build a massive stake, Jana Partners jumps back into Facebook, adds stakes in Alibaba, Wells Fargo, Einhorn's Greenlight Capital slashes stakes in Apple, Twitter and Micron,Tiger, Tremblant, Columbus went big on Twitter before earnings[more]

    Investors haven't been this bullish on U.S. stocks since 2015 From Bloomberg: The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch. Allocations to U.S. stock

  5. Netflix-style algorithms to be used by UBS to suggest investments to clients[more]

    From Cityam: Netflix-style algorithms could soon be widely used to recommend investments after UBS began trialling the artificial intelligence with its clients. UBS confirmed it was in the early stages of applying recommendation algorithms - similar to those used by Netflix and Spotify - to suggest