Fund launches: Emergent to launch a forex fund banking on dollar weakness and a global macro fund based on geopolitical and macro views together with Olea Capital`s founder, Amaranth founder Maounis to start new multi-strategy hedge fund, Multi-manager Focus Capital launches emerging markets hedge fund, Former SocGen energy trader prepares maiden hedge fund, Swiss currency shop Quaesta Capital to offer L/S FX fund, Kotak Mahindra Bank launches multi-strategy India-focused fund, Kotak India Dynamic Fund, Mark Fuchs quits Credit Suisse, plans Southeast Asia-focused hedge fund in Singapore
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Opalesque Exclusive: Emergent to launch a forex fund banking on dollar weakness and a global macro fund based on geopolitical and macro views together with Olea Capital`s founder
Benedicte Gravrand, Opalesque Geneva:
We recently heard that Emergent Asset Management Ltd, a UK-based alternative investment firm specialising in macro and emerging markets, is launching two hedge funds in the coming months: a global forex fund and a global macro fund –the macro fund will be launched in a joint venture with Olea Capital’s founder. Opalesque met up with one of the firm’s directors, Paul Christie, in Geneva to discuss the new launches.
Emergent uses a proprietary geopolitical model in its approach to the markets, enabling the firm to get a wider ‘big picture’ view and generate strong returns. The success of the model has been shown in the performance of the firm’s two flagship funds, Alternative EM Debt & FX and Ballistic EM Equities, which have returned 71.4% and 67.8% respectively over the 28 months to April 2008 (10.20% est. and 12.44% est. YTD respectively.)
The Global Forex Hedge Fund
The fund is to be launched next month. “We have a powerful proprietary geopolitical model developed by one of the principles; in the context of that model we perceived dollar weakness continuing and we want to take advantage of that,” Mr. Christie said. &...................... To view our full article Click here
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