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.<\/p>\n
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%.<\/p>\n