Barings launches alpha fund
Baring Asset Management is planning on launching the Baring Alpha Currency Fund, subject to regulatory approval. The fundamental, macro, long/short strategy, due for launch in October, will aim to provide high absolute returns that are expected to be uncorrelated to equities or bonds.
Barings has been running the alpha currency strategy on a segregated basis since 2006. This strategy has racked up a strong performance, providing a positive return of 20.77%. The fund will have a return objective of 12% per annum and will invest in a broad range of currencies in both developed and emerging markets.