GLOBAL/UK - AXA Investment Managers has opened up one of its hedge funds - the Asian Absolute Fund - to pension funds.
The fund had previously only been open to private clients.
The open-ended fund aims for returns of 15-20% per year by tapping into what it claims are “huge” inefficiencies in Asian markets.
Alternative investment strategies managing director Andrew Alexander - who is co-manager of the fund - pointed out that there are more than 27,000 securities in the Asia Pacific region, many of them under-researched.
Alexander said: “With our fundamental, research-based approach to company analysis and the ability to short over-valued stocks, we aim to deliver stable positive returns regardless of the direction of market movements.”
The fund is accepting minimum investments of US$5m (£3.4m).
By Simon Meek
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.