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
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