Martin Currie is looking to launch up to three hedge funds during the course of 2002 as part of the ...
Martin Currie is looking to launch up to three hedge funds during the course of 2002 as part of the group's offshore Absolute Returns hedge fund umbrella.
The first, likely to be Asia ex-Japan, is planned for launch within the next four months, followed by portfolios invested in China and Europe.
The move comes as a result of increased demand from clients and the market for an Asia, and possibly China, product, according to Allan MacLeod, director of hedge fund sales at the group.
'We have particular experience in both these areas,' he said. 'This is a natural next stage for us as there is a shortage of Asian products. The markets are very inefficient and attractive to short products.'
The China fund will be run by Chris Ruffle, who has been at Martin Currie for eight years and was formerly head of the Warburgs Taiwan office. Ruffle currently manages the group's offshore China Heartland, China and Taiwan Opportunities funds.
The Asia fund is to be managed by Jason McCay, who has been with Martin Currie for four years. He has covered the Asian markets for 12 years, formerly as head of research at Deutsche Bank in Jakarta and before that as a fund manager with Edinburgh Fund Managers.
There are currently two sub-funds within the Bermuda-domiciled and Dublin-listed Absolute Returns umbrella. Japan, managed by Michael Thomas and John-Paul Temperley, was launched in June 2000, and UK, managed by Jeff Saunders, was launched last year.
Staying invested could prove lucrative
Consider lasting powers of attorney
Less environment, more governance threatens to undermine firms' green credentials
Evidence your compliance