Equinox Capital to sell PCP funds

Emerging markets specialist Polunin Capital Partners (PCP) has granted hedge fund manager Equinox Capital Management what amounts to the exclusive rights to the distribution of its emerging markets funds. The Developing Countries Fund tries to outperform the MSCI Emerging Markets Free Index by investing in emerging markets equities, but with the ability to move to bonds and cash according to market conditions. The Emerging Markets Active Fund is an absolute return fund and thus follows no benchmark. PCP comprises four managers: Douglas Polunin (ex-head of emerging markets for Pictet), ...