London-based Cambridge Strategy is looking to market a new
macro fund that replicates one of its more successful
strategies, the $64 million Apollo Absolute Return Strategy
Fund, but focusing this time solely on frontier markets around
the world instead of emerging markets more generally.
The new global fund, to be managed by the group's currency
CIO Russell Thompson together with senior portfolio managers
Walid Khalfallah and Ali Yigitbasiouglu, will invest in markets
such as Vietnam, Sri Lanka and Cambodia - which are not as
developed as emerging markets but could potentially offer
stronger alpha returns, albeit at a more elevated risk. The
group aims to launch the fund in the first quarter of 2012.
In an interview with AsiaHedge, the group's Hong Kong-based
global CEO Peter Henricks says about a third of the fund will
be invested in...