Lyxor Asset Management has paired up with Capricorn Capital Partners to provide a new UCITS-compliant long/short global emerging market equity strategy, thereby expanding Lyxor’s offerings for alternative UCITS.
Capricorn, a South African fund manager focused on emerging markets, will form part of the Lyxor/Capricorn GEM Strategy Fund, which aims for capital appreciation regardless of market conditions.
The fund will take long and short exposures in emerging market large-cap equities, with a focus on liquidity and volatility.
An investment team will then search for opportunities with upside potential, or ‘longs’, or with downside risk, or ‘shorts’. For long positions, the team will focus on companies with a sustainable competitive advantage and a potential to disrupt the business environment.
Damon Hoff, founder and chief investment officer of Capricorn, said: “We are excited to work with Lyxor on bringing our global emerging market equity strategy to UCITS investors. We strongly believe that the strategy has the potential to capture the performance of emerging markets while reducing inherent to these markets and therefore can act as a good diversifier in a portfolio.”
The new fund is now available on Lyxor’s Alternative UCITS platform in seven countries, and in euro, US dollars, Japanese yen, Swiss francs, British pounds, Swedish and Norwegian Krona and Singapore Dollars.
Lyxor plans to launch up to five more alternative UCITS funds in 2015.
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