Emergent Asset Management Launches Two New Funds
New funds by emergent asset management
Emergent Asset Management Company is launching two new funds according
to released company statements, the new funds, Emergent Diversified Emerging
Markets Macro Fund and the Emergent Global Fund would help “to streamline
investment products for customers”, the statement emphasized. The
new products domiciled in Bermuda require a US$100,000 minimum investment,
the statement further said.
The two new portfolios would be managed by David Murrin, Michael Lambert
and Fergus Murrison. Murrin is also the Chief Investment Officer and a
principal of the asset management company, while Fergus Murrison formerly
worked at Morgan Stanley and HSBC. Michael Lambert worked for AIOC Corporation
in Russia and had background in metals trading.
Existing funds by Emergent Group
Two of Emergent group’s existing funds; the Emergent Alternative
Debt and the Emergent Ballistic Fund were consolidated into the new Diversified
Emerging Markets Macro Fund according to the statement. The Emergent Alternative
Debt fund according to the firm gained 51% on the average per annum for
the past five years, since the inception of the fund.
The Ballistic Fund was launched three years ago, and has gained an average
of 30% since its inception, the statement further added. The Diversified
portfolio is being seeded with US$15 million, and would be closed to new
investors when investor assets reach US$250 million.
Susan Payne, the Chief Executive officer for Emergent Asset Management
had this to say about the consolidation of the two funds , “Uncorrelated
assets, when put together in one fund, will create lower volatility with
higher returns” she added, “This is easier than having two
funds; You get one fund with one return.”
The Emergent Global fund was also created from previous unlisted Emergent
funds; the Global fund is being seeded with US$20 million. Unlike the
Diversified Macro Fund, the Global Fund has no specific timetable when
the fund would closed to new investors, it is anticipated that assets
in the Global fund would grow to about US$500 million according to Payne.
About Emergent asset management
Emergent Asset Management Company was formed in 1997, by former J.P.Morgan
managers, and currently manages about US$80 million in investor assets.
Paul Oranika
Editor-in Chief
Hedgeco.net
Email: Editor@hedgeco.net
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