BlackRock has launched the BlackRock Fund Managers (BFM) Global Unconstrained Equity Fund (UK) (the Fund), designed for investors looking to allocate capital in a high-conviction, long-only equity portfolio of exceptional global businesses.
Launches & Fundraising
Rational Funds has launched the Rational/Pier 88 Convertible Securities Fund (PBXIX), a converted hedge fund, which employs the same management team and investment strategy as its predecessor.
Asset and property manager GPEP has teamed with Hamburg-based HansaInvest Hanseatische Investment to launch an institutional fund for discount stores, supermarkets, retail centres and retail parks.
Citi has launched the USD150 million Citi Impact Fund that will make equity investments in “double bottom line” private sector companies that have a positive impact on society.
AMP Capital has closed its Global Infrastructure Fund II (GIF II) at US$3.4bn. The fund reached final close on 27 December 2019, exceeding its US$3bn target and drawing additional significant co-investment commitments.
Segall Bryant & Hamill (SBH) has launched the SBH Small Cap Core Fund, an actively managed equity mutual fund available in retail and institutional share classes (SBHCX and SBASX, respectively). The Fund incepted on 31 December, 2019.
Fulcrum Asset Management (Fulcrum) has launched the Fulcrum Risk Premia Fund (UCITS) with USD70 million of initial capital with a further USD1.1 billion in the strategy across a Cayman fund and separately managed accounts.
Napoleon AM has launched the Napoleon Bitcoin Fund, a Specialized Professional Fund under the French law, with daily liquidity, and one of the first regulated vehicles in the world offering exposure to the performance of Bitcoin, the main digital asset.
Wells Fargo Asset Management (WFAM) has expanded its Global Investment Grade Credit Strategy with the launch of the Global Investment Grade Credit Fund, a sub-fund of the Wells Fargo (Lux) Worldwide Fund.
Neuberger Berman has launched the Neuberger Berman Macro Opportunities FX Fund, which aims to deliver positive returns of 5-6 per cent in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies.