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Pictet adds to total return offering with launch of Lotus Offshore Fund

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Pictet Asset Management has expanded its $9bn actively managed Total Return franchise with the launch of the Lotus Offshore Fund Ltd, an event-driven, special situations Asia Long/Short equity fund, offered as a quarterly-dealing Cayman-domiciled strategy.

According to a press statement, Lotus Offshore Fund Ltd seeks to “capture the distinctive opportunity in Pan-Asian equities”. This includes short to medium-term corporate catalysts, and longer-term themes such as the improving corporate governance in Japan, the growth of South East Asia leading to increased corporate activity as well as capital markets reforms in China improving its attractiveness.

The strategy invests in four areas: defined catalysts (equity capital market trades, thematic, special situations); announced M&A; pre-event (positioning ahead of an M&A, divestment/spin-off); and Pre-IPO. This diversification helps to provide stable, all-weather results in a region defined by dynamic but often dislocated markets. These market conditions create unique opportunities to generate alpha outside of a traditional long-only approach.

The Lotus Offshore Fund Ltd. is managed by an experienced team of three led by Jon Withaar, Head of Asia Special Situations.

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