KGR Capital is pleased to announce the proposed launch, in November, of KGR Absolute Return PCC Limited, a Guernsey incorporated, London-listed, closed-end investment company. Dresdner Kleinwort Wasserstein is acting as Sponsor to the launch and Kleinwort Benson (Channel Islands) Fund Services Limited will be the Manager.
Investment advice will be provided by KGR Capital (Hong Kong) Limited. The Company will invest in a multi-manager, multi-strategy portfolio of Asian hedge funds and will initially make allocations to about 30 funds, with an initial emphasis on long/short equity strategies. Approximately 40% of the fund’s initial exposure will be to Japanese strategies, with the rest allocated to other parts of Asia, including the rapidly- growing economies of Greater China, Korea and India. The Investment Adviser is targeting annualised returns in excess of 12% in sterling over the cycle, and is expecting volatility to be below 10%.
