Fund launches & closures

Atlas builds out Asia franchise

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New York's Atlas Capital Management is looking to build out its franchise in Asia. Together with K-Atlas Advisors, its Singapore-based alternative investment joint-venture with Korea Investment Holdings, Atlas plans two product launches this year. As a seasoned veteran of various credit/ economic cycles in emerging markets, Atlas sees the current market turmoil as an opportunity to generate strong risk-adjusted returns.

In the first stage, Atlas is targeting a first-half 2009 launch for the K-Atlas Asia Opportunity Fund, an Asia-focused equity long/short fund, which will essentially replicate the equity long/short portfolio of Atlas's flagship Atlas Multi-Asset Class Emerging Markets Fund.