London hedge fund manager, Sloane Robinson, one of the city’s best-known funds having been around since 1993, announced this week it would be teaming up with Deutsche Bank to la
London hedge fund manager, Sloane Robinson, one of the city’s best-known funds having been around since 1993, announced this week it would be teaming up with Deutsche Bank to launch a UCITS-compliant Asia fund in the New Year. The fund will be managed by the same investment team responsible for managing the firm’s flagship Asia hedge fund. Sloane Robinson has long had its antennae tuned in to Asia and emerging markets. Its Asia flagship fund has delivered impressive compound annualised returns of 17.4 per cent p.a. since inception in 1994, using an equity l/s strategy to deliver absolute returns. Like the offshore fund, the Asia newcits will have a Pan-Asian mandate. It is expected to start trading some time in Q1, 2011, subject to regulatory approval. Hedgeweek spoke to Sloane Robinson about the launch, but they were not able to give any official comment. They did confirm, however, that the flagship Asia fund is very UCITS-friendly given that it uses no leverage, which suggests the newcits should come close to mirroring the offshore fund’s performance.
