Jabre Capital Partners has launched the JABCAP (LUX) – Emerging Markets Fund, the third on Jabre Capital’s UCITS platform JABCAP (LUX), which is based and regulated in Luxembourg.
The new Fund, set to open on 15 June 2015, will be managed by Carl Tohme, manager of the successful JABCAP EMEA Fund launched in 2008. The new Fund will have a broad emerging markets mandate, seeking to achieve capital appreciation within a diversified portfolio of securities related to companies across emerging markets globally.
The strategy will focus on both emerging market equities and debt with an investment approach combining top-down and bottom-up analysis. The team blends its top-down approach focused on the global investment environment and impact of macro-economic factors with a bottom-up overlay, helping identify and screen value driven opportunities across multiple countries and industries.
Commenting on the Fund launch, Philippe Jabre, CIO of Jabre Capital Partners, says: “We are seeing significant interest from investors seeking access to our expertise in emerging markets via a UCITS structure. This launch demonstrates our commitment to the evolving regulated product environment particularly for European investors.”
Carl Tohme, Portfolio Manager for the Jabre Capital Emerging Market Fund, adds: “Emerging markets have been severely under-owned by global investors over the past five years and consequently valuations now appear very attractive relative to other markets. We believe the lag in emerging markets to be cyclical and that we are approaching the bottom of the downward trend. We also believe the structural demographics of emerging market economies remain very compelling, and as such, diversified global investment portfolios could benefit from having a strategic representation in the asset class”.
The new Fund will be administered by Citco Fund Services (Luxembourg) with custody depositary bank services provided by Deutsche Bank. The auditors will be Ernst & Young.
The JABCAP EMEA Fund was launched in October 2008 and has enjoyed significant industry recognition, including most recently the 2015 HFMWeek European Performance Awards in the Emerging Markets category.