Pictet Asset Management, the asset management and fund distribution arm of Swiss private bank, Pictet & Cie, one of the country’s oldest largest private banks, announced this week
Pictet Asset Management, the asset management and fund distribution arm of Swiss private bank, Pictet & Cie, one of the country’s oldest largest private banks, announced this week the launch of a new Ucits fund. The PTR-Banyan Fund is a Lux-domiciled Asia ex-Japan equity l/s fund and is available to retail and institutional investors in the UK. Nidhi Mahurkar is lead manager for the fund, which will use a directional, bottom-up approach to capitalise on the long-term outperformance of Asia ex-Japan. It will have the flexibility to employ variable bias depending on market stress, the aim being to minimize downside risk in poorly performing environments. PTR-Banyan mirrors a strategy that Mahurkar has run at Pictet since 2002. His team includes Anthony Cheung and Olivier Dolieres. Both were born and educated in Asia and have well-established intelligence networks in the region said Pictet. Mahurkar said: “The East promises strong economic growth and rising domestic consumption for years ahead. We aim to capture this growth and protect investors during the periodic sharp reversals that can occur in these markets.” This is the fourth Pictet Total Return fund that PAM has launched. The others include: PTR-Corto (European l/s), PTR-Mandarin (China l/s), and PTR-Kosmos (global credit l/s).
