Independent investment manager Copernico Capital Partners has listed the Copernico Latin America Strategic Fund on the Irish Stock Exchange
The fund, which is open-ended and domiciled in Cayman, offers investors two USD-denominated share classes: Class B (SEDOL Code - BOF4LV4) and Class C shares (SEDOL Code - VOF4LX6)
As at October 2005, the class B shares of the Fund have had an average annual return of 16.05 per cent with an annualized volatility of 3.78 per cent since inception in October 2003.
With funds under management of USD 193 million, the Copernico Latin America Strategic Fund provides investors with exposure to the broadest range of Latin American financial instruments and utilizes hedging strategies to maximize returns and reduce the risk to principal or the volatility associated with the region.
Copernico is one of the few local managers employing an event-driven strategy, combined with some elements of momentum. Its investment philosophy is based on the continuous search for consistent positive returns. In the last year the group's total assets under management have risen more than 130 per cent and, as at November 2005, total USD 317 million.
"We continue to see increasing demand from institutional investors seeking exposure to the Latin American region," says CEO Mariano Caillet-Bois. "We are delighted to be able to offer investors the benefits and comfort which we believe listing provides. We believe that Latin America continues to offer opportunities. In an environment of stretched valuations and unfavourable risk metrics, the technical picture in the region remains a solid one."
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