Fabien Pictet & Partners Limited has announced the creation of an Asia ex-Japan hedge fund, the FPP Golden Asia Fund, with seed assets from Jade Absolute Fund Managers.
Joon Ho Byun, who is currently a co-manager of the FPP Three Kingdoms Korea Fund, will manage the new fund, while Jade director Marcus Dodd will become a consultant to Fabien Pictet & Partners.
The fund, which will aim to achieve absolute return through investing in Asia ex-Japan equities and fixed income, will join the firm's other hedge funds, the FPP Emerging Hedge Fund, Global Emerging Market Debt Hedge Fund, Seven Seas Emerging Europe and Middle East Fund, and the Korea and Taiwan single country funds.
Byun, investment manager of Fabien Pictet & Partners, say: 'We believe that Asia will continue to be a source of growth as well as returns for the foreseeable future and should form an integral part of a diversified portfolio for institutional investors and high net worth individuals alike.'
The fund is a Cayman registered Dublin listed open-ended investment company. Fabien Pictet & Partners is a specialist fund management company focusing on both traditional and alternative investments in emerging markets.