ARGO Group Limited Launch of new hedge fund (9418Q)
2012年11月13日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMARGO
RNS Number : 9418Q
ARGO Group Limited
13 November 2012
Argo Group Limited launches new hedge fund
Argo Group Limited ("Argo"), the emerging markets focused
investment firm, announces the launch of a new hedge fund - the
Argo Local Markets Fund ("ALMF" or "the Fund"). The Fund will seek
to invest in a portfolio of bonds and currencies from a universe of
over 40 emerging market countries using a long/short approach. It
is being launched with an initial US$7m of seed capital.
ALMF aims to hold between 20 and 30 positions at any given time.
It offers investors weekly liquidity and has a mandate to take on
moderate leverage. In its management of the Fund, Argo, which has
been investing in emerging markets for over 12 years, will be using
a fundamental analysis of each country's debt and currency dynamics
as well as systematic momentum driven models that it has
developed.
Commenting on the launch, Argo chief executive Kyriakos Rialas
said: "The case for investing in emerging markets is compelling.
Bond yields in these countries are significantly higher than those
in the developed world while their debt burdens are lower and
growth prospects better. ALMF aims to generate attractive
risk-adjusted returns for its investors from these conditions".
About Argo Group Limited
Argo Group Limited, the emerging markets investment firm founded
in 2000, had assets under management of US$300m at the end of June
2012 across four funds - The Argo Fund, Argo Special Situations
Fund, Argo Distressed Credit Fund and the Argo Real Estate
Opportunities Fund. Argo's main operations are in London and
Nicosia.
Enquires
Argo Group Limited +3572 266 8900
Kyriakos Rialas
Panmure Gordon + 44 20 7886 2500
Dominic Morley
This information is provided by RNS
The company news service from the London Stock Exchange
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