w/c 16 January
By Adam Cadle
News in brief, mandates and product launches from this week
Threedneedle has launched the Threadneedle (Lux) European Absolute Alpha Fund. The fund will be invested in Pan-European equities and utilises the same successful process and resources as the Threadneedle Apex European Fund. The portfolio will primarily take long and short positions in European equities and will aim to generate the majority of performance from stock selection.
Baring Asset Management (Barings) has announced the launch of the Baring Global Mining Fund which will enter the market in March subject to regulatory approval. The new fund will take an all-cap approach and aim to achieve long-term capital growth by investing in the equity and equity-related securities of mining-related companies.
Deutsche Bank and Fortinbras Asset Management have announced the launch of the DB Platinum IV Fortinbras PRISM Index, a UCITS fund available through Deutsche Bank’s DB Platinum fund umbrella and its dbSelect platform. The new fund is a Luxembourg domiciled SICAV fund and offers investors daily liquidity.
The deVere Group has announced that it has opened a new office in Lisbon. 12 new offices will open as part of a strategic plan to operate a total of 100 within five years to service the company’s growing client figures.