New Emergent Feeder Funds Take Macro Approach

LONDON (HedgeWorld.com)–Emergent Asset Management Ltd. will launch two new feeder funds aimed at investors looking for macro exposure to global and emerging markets hedge fund strategies.

The Emergent Global Macro Fund and Emergent Diversified Emerging Markets Macro Fund are scheduled to launch Feb. 1, according to a news release from Emergent.

“Creating these feeder funds allows us to offer investors access to our investment technique through a truly global macro portfolio or an emerging markets macro portfolio, while also smoothing returns and volatility,” said Susan Payne, Emergent’s chief executive.

Emergent officials are recommending their Global Macro Fund to investors looking for “general global exposure,” according to a news release. It has the smoothest return curve and lowest volatility of any of Emergent’s products, Emergent officials said.

The fund will combine 25% exposure to Emergent’s Alternative Emerging Debt, 25% to the Ballistic Emerging Equities and 50% to the Cosmopolitan Developed Markets Macro fund.

The Emergent Global Fund has returned 9.6 % in its first 10 months of pre-launch trading, Emergent officials said.