Pictet Asset Management has expanded its $11 billion actively managed Total Return franchise with the launch of the Pictet Total Return-Lotus fund, an event-driven, special situations Asia equity fund.
Pictet-TR Lotus aims to capture opportunities in Pan-Asian equities by focusing on short to medium-term corporate catalysts, as well as longer-term secular trends such as China’s restructuring, the growth of South East Asia and the improving corporate governance in Japan.
The strategy invests in three areas: defined catalysts (equity capital market trades, thematic, special situations); pre-event (M&A, divestment/spin-off); and announced M&A. 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.
Pictet says the strategy “aims to provide consistent, uncorrelated returns with limited volatility throughout the cycle and is is focused on disciplined risk management and rigorous analysis of companies and situations”.
Pictet TR-Lotus is managed by an experienced team of three led by Jon Withaar, Head of Asia Special Situations, and benefits from the resources of one of Europe’s leading hedge fund managers. Based in Singapore, Withaar has over 20 years’ experience in Asian financial markets. He is joined by Shawn Ban, Analyst and Jeremy Thia, Analyst.
Pictet TR-Lotus is offered as a weekly-dealing UCITS strategy. The fund is registered for sale in Austria, Belgium, Finland, France, Germany, Luxembourg, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, and the UK.