Chirin Capital to launch Asian Absolute Return fund

The Dublin-domiciled, Ucits III fund will invest in Asia excluding Japan, but including Australian markets. Chirin, a specialist Asia Pacific fund manager, said the fund will seek to outperform the MSCI AC Asia Pacific ex-Japan index on the upside and will use futures, options and tactical cash weightings to preserve capital through market downturns. The aim is to enhance long-term compound returns through reducing volatility, particularly the downside, for investors, it added. Asian markets veteran Martin Shenfield is lead manager of the fund and chief investment officer. He has 28 year...