The GIB Emerging Markets Opportunities Fund, the flagship hedge fund of GIB (UK), has appointed Barclays Bank to provide additional prime brokerage services to the fund, alongside existing prime broker, Credit Suisse Securities (Europe) Limited.
Managing Director and Chief Executive Officer of GIB UK, Mark Watts (pictured), says: “The appointment of Barclays, to complement Credit Suisse, is key to our strategy of growing the fund. At over USD300 million in Assets Under Management (AUMs), the fund has been providing top decile risk adjusted returns, (based on the Fund’s Sharpe Ratio compared to EuroHedge league table peers), to investors for over three years now, and we are delighted that Barclays has joined us to help take the fund to the next level.”
The fund is an Emerging Markets focused multi-strategy total return product, predominately investing in hard currency sovereign and corporate fixed income securities. The fund’s investment objective is to seek to provide consistent returns over the medium to long-term, with low correlation to underlying market indices whilst preserving capital, and minimising short-term volatility.
Since its inception in August 2010, the fund has been nominated in the Emerging Markets category of the EuroHedge awards for three consecutive years. These nominations and an impressive track record since the Fund’s inception is testimony to the ability of the investment team to produce consistent risk adjusted returns to its investors during both buoyant and difficult market conditions.
The GIB Emerging Markets Opportunities Fund is an open ended investment company incorporated as an exempted company under the laws of the Cayman Islands.
