LONDON (HedgeWorld.com)–Charlemagne Capital (UK) Ltd. restructured and relaunched its emerging markets Asian fund with US$5 million last month.
Formerly known as the Undervalued Assets Fund Asia, the OCCO Asia Fund will still be in the hands of Julian Mayo, who managed the fund while at Regent Pacific Group, Hong Kong, for the last four and a half years. He managed the fund from February 1999 and is now based in London running the same strategy with a new name.
Charlemagne Capital assumed the management of the strategy from Regent in August. While a number of investors stayed with Regent, Charlemagne officials now hope to build its assets in the Asian fund, said Matthew Todd, who is part of the marketing and sales team at Charlemagne.
The relaunch is aimed only at professional investors, both those who look at Asia as well as those with a global investment mandate, according to Charlemagne.
Charlemagne was formerly Regent Pacific Group’s European operations and was spun off in 2000 . The firm now is an independent fund management group with US$854 million invested in emerging markets strategies.