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.
Launches & Fundraising
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.
Global Parametrics (GP), a provider of parametric protection against climate risks in developing markets, and the German Federal Ministry for Economic Cooperation and Development (BMZ), in partnership with the German Development Bank (KfW) and Hannover Re, have launched the Natural Disaster Fund (NDF) Deutschland.
Harbor Capital Advisors, the investment adviser to the Harbor Funds family of no-load actively managed mutual funds, has expanded its equity fund lineup with the launch of six new funds.
Adrian Lee & Partners (AL&P), an active currency and Global Macro Manager for institutional investors, has launched a Global Macro Alpha Fund, which seeks to generate consistent excess return through diversification of macro asset class, region and alpha source, while minimising risks and volatility.