Fund launches & closures

Islandbridge unveils new global emerging markets fund

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As the emerging markets continue to provide deep alpha and beta opportunities, Islandbridge Capital has launched the Islandbridge Global Emerging Markets Fund.

The multi-manager fund, a concentrated portfolio of emerging market hedge funds, is expected to launch with up to $10 million from partners and existing investors.

Chief investment officer Joseph McCarthy said: “We believe emerging markets will continue to benefit relative to developed markets from divergent growth rates, appreciating currencies, a continuing global asset allocation shift, stronger balance sheets and currently undemanding valuations.

“The team has extensive experience and networks in the emerging markets and has a