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Lyxor and Capricorn launch emerging markets alt UCITS fund


Lyxor Asset Management  has partnered with Capricorn Capital Partners to launch the Lyxor / Capricorn GEM Strategy Fund, a new UCITS-compliant long/short global emerging market equity strategy.

The fund, which expands Lyxor’s Alternative UCITS offering, seeks to achieve capital appreciation regardless of market conditions by taking long and short exposures in emerging market large cap equities, with a focus on liquidity and volatility. The investment team searches for opportunities with either upside potential (longs) or downside risk (shorts). As regards long positions, the team focuses on companies benefiting from a sustainable competitive advantage, an entrepreneurial mindset and a potential to disrupt the business status quo. 

Capricorn, founded in 2003 in South Africa, is a fund manager focused entirely on emerging markets. In 2008, Capricorn opened a London office and the Global Emerging Market Equity Strategy was launched. Capricorn’s investment team is born, raised and educated in emerging markets and believes this unique experience and understanding of the reality of emerging markets is critical in the identification of investment themes. 

Damon Hoff, Capricorn’s Founder and CIO, says: “We are excited to work with Lyxor on bringing our global emerging market equity strategy to UCITS investors. We strongly believe that the strategy has the potential to capture the performance of emerging markets while reducing the volatility inherent to these markets and therefore can act as a good diversifier in a portfolio”. 

The Fund, which is now passported into seven countries, is available on Lyxor’s Alternative UCITS Platform in EUR, USD, JPY, CHF, GBP, SEK, NOK and SGD. Capricorn becomes the fifth alternative manager on the UCITS platform – after Winton Capital Management, Canyon Capital Advisors, Tiedemann Investment Group and Lyxor Epsilon Global Trend Fund. Lyxor plans to launch up to five more alternative UCITS funds in the coming months.  

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