Fund launches & closures

Pictet launching long/short Asia UCITS funds

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Pictet Funds is launching a long/short Asian equity fund a Luxembourg-domiciled UCITS III fund.

The Pictet Total Return-Mandarin fund will be managed by Lan Wang Simond, who has more than 16 years investment experience managing assets across China using long only, absolute return and long/short strategies.

Using this experience the investment manager seeks to capture the benefits of China’s secular growth, minimise downside risk in periods of market turbulence and maximise alpha through specific stock ideas. The overall strategy aims to reduce correlation to the market and generate less volatile, positive asymmetric returns.

With its focus on China, the fund gives access to strong and sustainable growth in the greatest developing region in the