London-based Threadneedle has decided to launch the Absolute Emerging Market Macro Fund for its head of emerging market debt, Richard House reports Citywire Global. Joining House, who also manages the Threadneedle Emerging Currencies Crescendo Fund, will be Agnes Belaisch (pictured), Threadneedle’s head of emerging market strategy. The fund will seek absolute returns by identifying global macro opportunities across sovereign credit, rates and FX. Returns of 7.5 per cent to 12.5 per cent will targeted over the long term. Commenting on the new fund, House was quoted as saying: “Using processes and resources that we have successfully employed over the years in our Emerging Currencies Crescendo Hedge Fund, we aim to deliver absolute returns to a broader range of investors under Ucits III.”