Launches & Closures

Emerging market group Argo grows strategy suite with local markets fund


Argo Group, the London and Cyprus-based emerging markets-focused alternative investment firm, is adding to its product range with the launch of a new hedge fund strategy targeting opportunities in the rapidly-growing area of domestic EM fixed-income and currencies.

The Argo Local Markets Fund will invest in a portfolio of bonds and currencies from a universe of over 40 emerging market countries, using a long/short approach. The new fund is being launched with an initial $7 million of seed capital.

The portfolio aims to hold between 20 and 30 positions at any given time. It offers investors weekly liquidity