Launches & Closures

Cambridge Strategy eyes new frontier market-focused macro fund


Peter Henricks
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