WEST PALM BEACH, FL (HEDGECO.NET) – Baring Asset Management (BAM) said it is launching a new hedge fund, The Baring China Absolute Return Fund plc, which will be available to investors in June 2004according to the released statements. However, such a launch is subject to regulatory approval the statement added.
The new fund will offer international investors access to growth in one of the world�s most dynamic economies and portfolio diversification in an absolute return focused fund, according to the news release. The new portfolio utilizes the long/short equity model for trading, investing in opportunities existing in the Greater China region. According to the statement, the new China fund also invests in companies with �substantial business exposure to China� as well.
The minimum investment into the new fund is established at US $150,000, but the fee structure was not immediately provided. The new fund uses a selection of about 30-40 stocks, with an ultimate objective of achieving absolute returns for investors in the fund.
The fund will be domiciled and managed from Hong Kong, under the investment team headed by, Khiem Do. The new portfolio hopes to duplicate the good performance of Baring Hong Kong Chins Fund, managed by Lillian Co. The Baring Hong Kong China fund has achieved annualized returns of 20.04% for the past five years, and 17% since the fund�s inception according to the news reports.
BAM is a global investment management company that manages over �19.5 billion / US $35.8 billion / Euro 29.2 billion on behalf of clients located around the world. The firm offers a wide range of equity and fixed income funds in both domestic and international markets.
Paul Oranika
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HedgeCo.Net
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