Charlemagne Capital, the newly re-branded Eastern Europe investment operation that was formerly part...
Charlemagne Capital, the newly re-branded Eastern Europe investment operation that was formerly part of Regent Pacific, is set to launch a closed-ended fund arbitrage vehicle, writes Robert Maharajh. The Cayman-domiciled fund will aim to buy into closed ended funds trading at a discount to Net Asset Value. While Regent has operated within that strategy since 1991, this vehicle will, for the first time, attempt to hedge out market exposure and make money purely out of narrowing discounts. Every long position held will have a 'mirror' short position, based on a trust's top 10 positions as...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
