Cazenove Capital Management is preparing to launch a new equity hedge fund on May 31, 2006. The hedge fund is to be managed by investment specialist Tim Love who has over 20 years of experience. Some previous positions include fund management roles with HSBC Asset Management and Mercury Asset Management followed by senior strategy positions at ING Barings and most lately Deutsche Bank, advising the world’s leading institutional investors.
Cazenove plans to diversify it’s investment three ways, one will be long bias-invested in emerging markets, the second will target expected developed country winners and the third will short expected developed country losers. With a capacity limit of $1.5 billion, the possibilities of high performance and growth in emerging markets shows yet another well planned move by Cazenove capital .
In an interview with Reuters, Cazenove Capital stated: “The fund has generated considerable interest in London, Europe and the Middle East, with investors finding Tim’s process and approach very different to other global fund managers. The hedge fund seeks alpha through identifying opportunities from global structural changes; in particular themes arising from developing economies. These themes can be both macro and secular”
“The concept is to look at global winners and losers combined with emerging markets to provide the sustainability of annualised returns rather than the … volatility we have seen from emerging market exposure,” Robin Minter-Kemp, managing director of Cazenove Capital, told Reuters.
Cazenove currently has about $850 million under management in three other hedge funds based in Europe.
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